The anti-tax Club for Growth says it is spending $150,000 in television ads in Arkansas and Tennessee to urge two Republican congressmen to oppose the renewal of the charter of the Export-Import Bank. The new broadcast and cable ads running in the southwestern Arkansas district of Rep. Bruce Westerman and northeast Tennessee district of Rep. Phil Roe are part of the Club for Growth's $1 million campaign against the Export-Import Bank.
The bank that provides financing for overseas purchases of American-made products is scheduled to go out of existence June 30. Supporters call it an example of crony capitalism benefiting large corporations. Supporters say it neutralizes advantages foreign governments give to companies that compete with American firms. About 60 percent of the new ad buy is focused on Westerman's district.