Tax Policy Developments As Congress Returns
The Credit Union National Association continued to talk tax reform with Capitol Hill staff members during last week's recess, and CUNA remains focused on the U.S. Congress's ongoing efforts at tax reform as legislators return to Washington this week.

The Senate Finance Committee is expected to continue to discuss staff-prepared tax reform options papers in private meetings. One paper of particular importance to credit unions is the Exempt Entities paper, which is expected to be discussed either this week or next, Donovan added.

Leaders on the House Ways and Means Committee are also continuing their own tax reform work, he said.  Read More

Very recently, a new group calling itself the “Alliance for Competitive Taxation (ACT)” was formed as a coalition of 42 politically influential companies to advocate for bipartisan comprehensive tax reform.  You can read the press release here.  Credit union tax status continues to remain a top priority and it's more important than ever to protect credit unions as this reform is considered.   

As a reminder, campaign tools are always available for credit unions on CUNA's Tax Advocacy Toolkit.

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