NAFCU said Thursday that killing the credit union federal tax exemption would cost Americans an estimated $17 billion in economic benefits a year.
Over the next decade, the trade group's new study said, that would total $15 billion in lost tax revenue, $148 billion in gross domestic product and 1.5 million jobs lost.
Protecting the tax exemption tops the priority list of both major credit union trade groups as tax reform proposals work their way through Congress.
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