Republican, Democrat solons send trades scurrying to respond as letter to colleagues notes tax code is "littered with special interests."
Former CUNA chief said he sees no major changes coming until Republicans "get their act together."
As of June 10, more than 1,500 credit unions–about one in four–were actively participating in CUNA’s three-week-old Don’t Tax My Credit Union initiative, according to Richard Gose, senior vice president of political affairs.
Trade group says campaign has generated more than 65,000 messages to Congress in three weeks.
CUNA shoots back in campaign aimed at rallying members across the land to speak up for tax exemption.
A thousand signatures in first 12 hours, says Rep. Camp and Sen. Baucus.
House panel does say this about credit unions vs. banks: "Most of those differences have disappeared over time."
St. Louis central bank researchers discovered similar growth patterns despite "the often-heated rhetoric of competing advocates."
Tax reform debate began in earnest for credit unions April 11, when representatives from CUNA and NAFCU were called to Capitol Hill to plead their case for preserving the industry’s tax exemption before a House Ways and Means Committee working group.
Montana Democrat's departure may or may not affect tax reform, credit union exemption, lobbyists say.