Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Michigan Lawmaker Opposes Taxation, Says CUs Create Jobs
LANSING, Mich. (8/27/13)--Another Michigan congressman--U.S. Rep. Dan Benishek (R-Mich.)--has issued a statement supporting credit unions' tax status, but he also went a step further, saying credit unions play an important role as job creators, said the Michigan Credit Union League.
 
"As a credit union member, I am opposed to efforts that would raise taxes on any small business--including credit unions," said Benishek (Michigan Monitor Aug. 26). "I will continue to work with my colleagues in the House of Representatives to support policies that reduce regulatory burdens and promote employment for all job creators--from credit unions to the small businesses in Northern Michigan that create and provide jobs."
 
The statement demonstrates the way credit unions contribute to the economy in the state and the nation, said MCUL CEO David Adams. The league asked Benishek for a statement regarding the credit union tax status "and he went one step further," Adams said.
 
"In addition to expressing clear support for the continued tax status, he reiterated his core values that align with credit unions' top legislative priorities: namely maintaining and improving the tax and regulatory climate so credit unions can provide more capital and services to the members and businesses that create and provide jobs," he added.
 
Other Michigan lawmakers who have stated their support of credit union's tax status include Democrats Sens. Debbie Sabenow and Carl Levin as well as U.S. Reps. Dan Kildee, Gary Peters, Sander Levin and John Dingell, all Democrats, and Republicans David Camp, Mike Rogers, Tim Walberg and Kerry Bentivolio.
 
They join other lawmakers from throughout the nation responding to the credit unions' national  Don't Tax My Credit Union Campaign, which is in full swing back in lawmakers' home districts during the legislative recess. For more information about the Credit Union National Association's and leagues' campaign, go to www.Don'tTaxMyCU.org or use the links.
RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago