WASHINGTON – Proponents of repealing the tax-exempt status of credit unions will fail, Rep. Sandy Levin (D-Mich), the senior Democrat on the tax-writing House Ways and Means Committee predicted Tuesday.
"Those who try to tamper with the tax status of credit unions will not succeed," he told those attending NAFCU's Congressional Caucus.
Levin said he has been a member of a credit union for more than 50 years, but has been particularly impressed by the growth of membership among his home state credit unions.
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