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President Notes CUs in Tax Plan Speech

KENNESAW, Ga.-President George W. Bush paid homage to credit unions recently when he mentioned them in comments touting his tax plan. In a meeting with small business owners at Harrison High School in Georgia, President Bush explained that a family of four could be eligible to get $1,300 back from...

By Staff Writer | Updated on March 04, 2003

KENNESAW, Ga.-President George W. Bush paid homage to credit unions recently when he mentioned them in comments touting his tax plan. In a meeting with small business owners at Harrison High School in Georgia, President Bush explained that a family of four could be eligible to get $1,300 back from their taxes. That is money that families can save for the future, he said, like his example of the Harris family saving for their two young sons’ education. “They’re saving through the 401k plan, a stock purchase plan, a credit union account,” Bush said. The president’s tax plan would accelerate previously approved tax cuts and eliminate corporate double taxation, among other things.

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