Congressional Republicans may attempt to use a budget shortcut to enact comprehensive tax reform, leaving credit unions to mount a vigorous defense of their tax exemption early this Congress, credit union trade group officials are warning.
"We certainly have a target on our backs from the banking community," Rich Meade, chief of staff/COO at CUNA, said during a conference call with credit unions and reporters. "We're somewhat vulnerable."
"Anytime you talk about tax reform, everything may be on the table," said Brad Thaler, NAFCU's vice president for legislative affairs.
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