Browsing: Credit unions

Economy

American voters overwhelmingly are unaware that credit unions pay no federal income taxes, and when told about it, more than half would support a tax reform plan that eliminates the credit union tax exemption to limit deficit increases, according to a survey conducted by Morning Consult for the American Bankers Association.

Economy

The House today voted 227 to 205 to pass H.R. 1, the landmark tax reform bill that would be the first major overhaul of the tax code in more than three decades.

Economy

As lawmakers work to overhaul the U.S. tax code for the first time in more than three decades, an op-ed posted on Utah Policy Daily this week called on Senate Finance Committee Chairman Orrin Hatch (R-Utah) to more closely examine the tax exemption granted to the nation’s largest credit unions.

Newsbytes

In an op-ed in the Charlotte Observer last week, Yael Ossowski, deputy director of the Consumer Choice Center — a D.C.-area consumer advocacy group — called on the Trump administration and Congress to take steps to eliminate the credit union tax exemption as part of the broader plan to reform the U.S. tax code.

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