Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Ways and Means launches look at tax reforms with charitable deductions hearing (02/07/2013)
WASHINGTON (2/7/13)--The tax policy-writing House Ways and Means Committee has scheduled a hearing next week on itemized charitable deductions. The hearing is part of what will be a broader look by the committee at the subject of comprehensive tax reform.

"We do not expect the credit union tax status to be any part of the focus at this upcoming hearing," said Ryan Donovan, Credit Union National Association senior vice president of legislative affairs, Wednesday.

"However," he added, "we will be watching this closely, as it could shed light on how the committee intends to evaluate tax provisions going forward."

Preserving the credit union tax status is always a top CUNA priority. CUNA's 2013 four-pillar legislative agenda focuses on: preserving the credit union tax status; reducing regulatory burden; engaging in housing finance reform; and advancing credit union charter enhancements, such as increased member business lending authority and supplemental capital.

House Ways and Means Chairman Dave Camp (R-Mich.) announced the hearing will take place on Thursday, Feb.  14,  in room 1100 of the Longworth House Office Building, beginning at 9:30 a.m. (ET).


RSS print
News Now LiveWire
#creditunion affinity card programs make the grade for schools See #NewsNow http://t.co/TThZIvMRTO
2 hours ago
Home-price appreciation softens further in July #NewsNow #Market http://t.co/0MXVy9sby0
3 hours ago
.@ChartwayFCU charitable arm, the We Promise Foundation, has reached the $1M fundraising milestone in a single year for the first time
5 hours ago
.@mncreditunions' Mark Cummins shares CU difference with @KIMTNews3 http://t.co/gkarhZxDRF
6 hours ago
.@LeagueofSECUs' brand campaign reaches 80M consumers #NewsNow #System http://t.co/yKmdYyXN2v
7 hours ago