WASHINGTON — House Financial Services Chairman Jeb Hensarling (R-Texas) pledged Tuesday during CUNA's GAC morning session that he opposes taxing credit unions.

The conservative House leader said one of the causes of America's slow recovery is bad public policy. He specifically mentioned  taxation on small businesses.

"But if I have anything to do with it, there will not be taxation on our credit unions," Hensarling said, drawing applause from the crowd.

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