Speaker Paul Ryan offers little hope for Ex-Im Bank revival during tour of Boeing factory

Boeing doesn't need Export-Import Bank financing to win overseas sales, House Speaker Paul Ryan told the jet maker's Everett workers Thursday.

Instead, the company needs lower U.S. corporate taxes and less government regulation at home that prevent it from growing its international business, Ryan said during a morning visit to Boeing's wide body jet factories in Everett.

That would "reduce the need for those kinds of financing mechanisms," the Wisconsin Republican said.

"The biggest thing we can do for a business like this is to cut taxes and reduce regulations " Ryan added, vowing Republicans will work to pass tax reform legislation by the end of the year so Americans can wake up to a new tax system with lower income and corporate taxes on New Year's Day.

-snip-

While the top corporate tax rate is 35 percent, companies rarely pay that much. The Seattle Times estimated Boeing paid 23 percent last year but only about a 3.2 percent average tax rate over the last 15 years.

https://www.bizjournals.com/seattle/news/2017/08/24/speaker-paul-ryan-offers-little-hope-for-ex-im.html?ana=e_du_prem&s=article_du&ed=2017-08-24&u=ColXVN5SPzQtLHFP87ho2w07857290&t=1503618398&j=78742341

In other words Ryan's rhetoric is a lot of hot air.