Two more Washington lawmakers have come out in favor of creditunions' tax-exempt status.

Sen. Carl Levin (D-Mich.) and Rep. Rush Holt (D-N.J.) on Mondayjoined Sen. Mark Begich (D-Alaska) and Sen. Tammy Baldwin (D-Wis.)in their recently announced support of credit unions' corporatetax-exempt status.

The support comes as members of Congress continue their workrewriting the U.S. tax code.

Levin, whose brother Rep. Sander Levin (D-Mich.) is ranking member of the House Waysand Means Committee and part of the group rewriting the tax code,has spoken out before on behalf of credit unions' and communitybanks' abilities to better serve the financial needs of consumersin the past.

He favors closing tax loopholes for large corporations as a wayto add more revenue, something he doesn't see taxing credit unionsas a way to accomplish.

“Tax reform efforts should not undermine our economy, or removeuseful exemptions such as the tax exemption for credit unions,”Levin told the Michigan Credit Union League & Affiliates onMonday.

Holt also has been a supporter of credit unions' tax exemption,a position that has continued over time. “(Rep. Holt) always hasand will continue to support the credit union tax exemption becausecredit unions provide needed and valued services in our localcommunities,” his office told the New Jersey Credit UnionLeague.

On July 26 Alaska's Begich voiced his support of the exemption, a position echoedby Wisconsin's Baldwin told a standing-room only crowd at a meeting on theCUNA Mutual campus last week.