Erskine Bowles

  • Deficit Reduction Package Falls Short Of Needed Votes

    A majority of members of a deficit-reduction panel today endorsed the package of spending cuts and revenue increases aimed at reducing the federal deficit, but not enough to command immediate action by Congress.

  • Exemption on the Table

    A draft proposal of a report by a presidentially appointed deficit reduction panel includes an option that would eliminate many tax exemptions, including the one for credit unions.

  • Consumers Will Pay for Loss of Tax Exemption, Cheney Says

    In a letter to the co-chairs of the National Commission on Fiscal Responsibility and Reform, CUNA President/CEO Bill Cheney wrote that if credit unions lose their tax-exempt status, consumers will pay the price.

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