Two new bills in Congress propose a helping hand for a hurting industry

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Washington, D.C.-, June 13, 2019 | comments

Coloradans will soon receive a campaign-style mailer that takes aim at tax handouts for special interests and corporate welfare, featuring the face of Colorado U.S. Sen. Michael Bennet, D-Denver.

The mailer is part of a multi-year, multi-million dollar campaign, said Americans for Prosperity, the conservative organization behind the campaign.

The first phase of the nationwide campaign is, in total, a seven-figure buy, an AFP spokesman said.

Bennet isn't up for re-election until 2024, but he's announced his plans to run for president.

His Senate office did not immediately respond to a request for comment Wednesday afternoon.

The Americans for Prosperity campaign, however, also will target Democratic U.S. Rep. Ed Perlmutter of Arvada and Republican Rep. Scott Tipton of Cortez.

The campaign especially targets the federal Export-Import Bank, which makes loans and credit guarantees for purchases of U.S. products.

The bank divides conservatives because of President Trump's support for it, as well as such prominent business groups as the U.S. Chamber of Commerce and the National Association of Manufacturers.

“Using subsidies, tax carve-outs and protectionist policies, Congress has created an environment where the well-connected are better off," Americans for Prosperity's Colorado director Jesse Mallory tells Colorado Politics. "The Ex-Im Bank and tax extenders are typical, mundane D.C. policies that only the well-connected can take advantage of.

"The average individual may not know much about it, but they’re paying for it. It must stop. We urge Sen. Bennet, Rep. Perlmutter and Rep. Tipton to unrig the economy and oppose any corporate welfare.”

Bennet argued for the bank's reauthorization under the Obama administration in 2015, citing support from Colorado business groups, as well.

Content originally published by the Colombian Journalism Review on June 13, 2019.
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