It's Christmas on K Street

By Timothy P. Carney, Timothy P. Carney

Published December 20, 2015

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Christmas! It's that magical season when Republicans and Democrats come together to look after the needs of corporate America, K Street lobbyists, and the U.S. Chamber of Commerce.

Look at the legislation moving through Congress today, and you'll see why corporate lobbyists are full of holiday cheer.

This week, Congress will pass a long-term highway bill. The highway measure is a huge win for industry while a loss for good governance. Far worse, however, is the unrelated rider on the bill: A provision reviving the defunct Export-Import Bank, a corporate-welfare agency that used to subsidize foreign buyers of U.S. goods, primarily Boeing jets.