When President Obama unveils his deficit-reduction package Wednesday, the credit union tax exemption could be in the mix.
Several media reports have said that Obama will draw on several sources of ideas, including his own deficit-reduction commission which mentioned eliminating tax expenditures, when drawing up the recommendations he plans to unveil at a speech at George Washington University in Washington, D.C.
The commission's report doesn't mention the credit union tax exemption by name but the report released describes these expenditures as "another name for spending through the tax code."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
