Milwaukee Journal Sentinel, Sept. 29
Congress should save U.S. Export-Import bank
General Electric Co. may well have ulterior motives for ceasing to make engines in Waukesha. The decision, which the industrial titan blamed on congressional failure to reauthorize the Export-Import Bank, also may be about corporate taxes, as some conservatives have claimed. The Canadian corporate rate is 15 percent, far lower than the U.S. rate. Such decisions often are multilayered.
But losing the grease for deals provided by the Ex-Im Bank is surely part of the problem.
The decision will cost Waukesha about 350 jobs and comes on the heels of an earlier GE decision to shift...