Several key lawmakers join roster rostrum for Congressional Caucus that kicks off Sunday.
Florida congressman makes good on promise not to include tax exemption in debt reduction bill.
According to industry veteran John McKechnie, who was working on Capitol Hill back in 1986, the last time credit union tax exemption was on the Congressional chopping block, a “volatile” environment on Capitol Hill means credit unions should be vigilant when it comes to protecting their tax-exempt status in 2013.
Tax expenditures are receiving a lot of scrutiny as Congress looks for ways to increase revenues and cut the deficit.
Let there be no doubt that credit unions’ federal tax exemption is something our industry is going to have to fight for in order to keep.
California Democrat Maxine Waters to replace Barney Frank as panel's ranking minority party member. Texan Hensarling to chair.
Last week, credit unions’ federal tax exemption appeared to be in jeopardy. H.R. 6474 would have gradually repealed credit unions’ tax-exempt status over five years. Fortunately for credit unions, a spokesman for Rep. Dennis Ross, the bill’s sponsor, explained that the inclusion of this in the bill was accidental,...
While credit unions seem to have dodged this lob for now, it did draw attention to the credit union tax exemption, which the banking lobby is sure to relish.
Five-year phaseout of exemption in Simpson-Bowles commission bill; first time since Reagan era that eliminating exemption proposed.
An inspector general would have oversight of the new $30 billion Small Business Lending Fund if a bill with that proposal becomes law.