Latest ICBA Email Targets CU Tax Exemption; CU Trades Unimpressed
The Independent Community Bankers of America aren’t taking a holiday break from attempts to repeal the credit union tax exemption, sending an email to all Capitol Hill offices on Monday pushing the agenda.
The message, sent from ICBA Administrative Assistant Alison Sampson with the subject line, “Credit Union Subsidy Costs Taxpayers Billions,” cited H.R. 6474, a bill that mistakenly included credit unions with other tax reforms. The bill helped “reignite the controversy over the credit union tax subsidy,” the ICBA said.