Your Taxes Subsidize
August 14, 2006
year the people of the United States write a check to subsidize China, one of
the most brutal, anti-American regimes in the world. Lately it has been in vogue
for everyone in Washington to eagerly denounce the egregious abuses of the
Chinese people at the hands of their communist dictators. Yet no one in our
federal government has been willing to take China on in any meaningful way.
few people realize that China is one of the biggest beneficiaries of American
Thanks to the largesse of Congress and the President, China enjoys
subsidized trade and the flow of US tax dollars into Beijing's coffers.
offered an amendment before the House of Representatives last month that would
have ended the $4 billion subsidy our nation quietly gives China through the US
government's Export-Import Bank. The bank underwrites the purchases of goods and
services by the Chinese government and others around the world. Unfortunately,
only a minority of Democrats or Republicans supported my measure. Apparently,
many members of Congress are happy to bash China, but donít mind lending her
U.S. taxpayer money at sweetheart interest rates.
of your money went to fund a nuclear power plant in Shanghai owned by the China
National Nuclear Corporation, a state-run company.
Many US-based multinational corporations benefit directly from
Export-Import Bank subsidies to China, including Boeing, Westinghouse, and McDonnell
Douglas. So itís not hard to understand that business trumps the feelgood
rhetoric condemning China.
is no constitutional authority for Congress to make loans to any country, and
certainly no basis for giving away the hard-earned cash of Americans to
communist leaders who brutalize their women and children with forced abortions,
and persecute Christians for their faith.
reality, there is very little the federal government can do about conditions in
China. Under our Constitution, the federal government simply does not have the
authority to point a gun at Chinese leaders and force them to respect the
principles of liberty. It just doesn't work that way.