Transactions’ actually means the number of applications they process, not the amount of financing provided
These Guys Use 'Small Business' to Get Their Way in Washington
Saying that something helps small businesses is a great way to gain public support for your cause. Except when it’s not true.
Take, for example, claims about the government-run Export-Import Bank, which subsidizes U.S. exports by providing discount loans to foreign governments and businesses to purchase American goods. According to bank Chairman Fred Hochberg: “Helping small businesses…grow and compete on the global stage is at the heart of the Bank’s mission.”
Boosting the fortunes of mom-and-pop businesses certainly sounds noble — and much more likely to win support from Congress. But the real beneficiaries aren’t exactly what most people would consider “small.”
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
