Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNAs Hampel at White House tax discussion
WASHINGTON (11/15/12)--How to avoid falling off the approaching "fiscal cliff" was the subject of a White House meeting Wednesday that was attended by Credit Union National Association (CUNA)Chief Economist Bill Hampel.

"Fiscal cliff," of course, is the newly minted and widely used phrased used to refer to the effect of a number of laws which, if unchanged, could result in a tough combination of tax increases and spending cuts that could weigh heavily on economic growth starting in 2013.

Hampel said the meeting he attended was a forum to discuss generating grassroots support for President Obama's approach to addressing the fiscal cliff.

Hampel told News Now that the White House emphasized that the president wants to proceed with policy that would avoid raising taxes on the middle class or eviscerating government spending.

"The credit union tax status was not an issue at this meeting," Hampel said, "nor was the subject of later tax reforms raised during the Wednesday session."

The tax-exempt status of credit unions, in fact, has not been mentioned in any of the current tax reform discussions. However, preserving the credit union tax status is a top CUNA priority, and CUNA will remain engaged and vigilant as tax reform discussions move forward.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
11 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
12 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
14 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
16 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
16 hours ago