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China, traditionally the largest provider of export credit, saw its financing volume decrease last year from over $33 billion in 2019.
EXIM provides direct loans, commercial loan guarantees, export credit insurance and working capital guarantees for U.S. exporters.
It is still recovering from years of operating at diminished capacity after conservative Republicans in Congress tried to shutter the institution in 2015, arguing that it provided “corporate welfare.”
In 2014, the agency reported https://www.exim.gov/sites/default/files/reports/EXIM%202014CompetReport 0611.pdf it had authorized $12.5 billion in medium- and long-term export credit support, a year in which it said China approved volume of $58 billion.
The House takes a revealing vote on Confederate statues
Opinion by Nicole Hemmer
During the insurrection in January, a rioter hoisted a Confederate flag over his shoulder, letting it furl out behind him as he marched through the Capitol. It was an outrageous sight: not even during the Civil War had insurrectionists breached the halls of Congress with the battle flag. Yet there it was, flapping alongside Trump flags and America First flags as rioters and some Republicans in Congress tried to stop the certification of the presidential election
While the Confederate flag in the Capitol may have been staggering, it also was not out of place in a building boasting statues of men who served in the Confederacy including Confederate President Jefferson Davis and Vice President Alexander Stephens and defended the causes of slavery, segregation and White supremacy, including US Vice President John Calhoun and others.
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The Internal Revenue Service ended this year’s tax filing season with a backlog of more than 35 million unprocessed returns, a four-fold increase over 2019, National Taxpayer Advocate Erin Collins said in a report to Congress Wednesday.
The 2021 tax season “was perhaps the most challenging filing season taxpayers, tax professionals, and the IRS have ever experienced,” Collins says in her report. The agency faced a “perfect storm” of challenges stemming from the Covid-19 pandemic and the relief efforts it was tasked with by Congress, including sending out three rounds of “stimulus checks,” or a total of about 475 million payments worth $807 billion. The agency also processed 136 million individual income tax returns and issued 96 million refunds totaling $270 billion.
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