Tax Policy Developments as Congress Returns

Posted by Marissa Anema Tuesday, June 04, 2013 11:16:00 AM

WASHINGTON – CUNA continued to talk tax reform with Capitol Hill staff members during last week's recess, and remains focused on Congress's ongoing efforts at tax reform as lawmakers return to Washington this week.

The Senate Finance Committee is expected to continue to discuss staff-prepared tax reform options papers in private meetings. One paper of particular importance to credit unions is the Exempt Entities paper, which is expected to be discussed this week or next.

Leaders on the House Ways & Means Committee are also continuing their own tax reform work.

As these discussions move along, CUNA continues to encourage the more than 96 million credit union members nationwide to present a unified message to members of congress: Don't Tax My Credit Union!

More than 30,000 congressional contacts have been sparked since CUNA and the leagues kicked off the large-scale, nationwide grassroots-mobilization campaign in mid-May.

CUNA has created a new web site,, a new Facebook page, a Twitter handle @CUNAadvocacy, and hashtag, #DontTaxMyCU, and a reformatted version of CUNA's tax advocacy tool kit to help credit unions and their members spread this message.

Spending bills, defense authorization, potential immigration reforms, student lending action and IRS issues are among the items on the near-term agenda, but key tax writers have indicated that these other issues will not distract them from tax reform.


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