Tax Exemption Battle Heats Up on Capitol Hill
During the tax reform process, lobbyists for both credit unions and banks are operating in overdrive in the battle over the CU tax exemption. The American Bankers Association claims that eliminating the tax exemption is about fairness for the banking community and taxpayers. The credit union trade associations point out that the more-than-competitive rates and services offered by the credit union not-for-profit, cooperative model brings significant value to members and small business owners. [9/12]
