CU Trades on High Alert as Tax Reform Process Begins

Published Oct 30, 2017. By David Baumann.

As the fight over tax reform begins in earnest on Capitol Hill this week, credit union lobbyists say they see no imminent threat to the credit union tax exemption. . . . 

Robert Bixby, executive director of the Concord Coalition, said last week that Republican willingness to cut taxes without offsetting the cost of the tax is “risky business and deeply disappointing.”

“While justified by some as a way to grow the economy, the long-term effect of deficit-financed tax cuts would likely be to slow economic growth and make a bad long-term fiscal outlook even worse,” Bixby said.