Welcome to FCUSS: Art Wood Jr.
FCUSS Locations Guide
Congress is considering
possible legislation to reform the U.S. tax code. It appears
lawmakers are considering a “blank piece of paper”
approach—under that scenario, all exemptions would be
removed from the tax code and Congress would start from
scratch to write a new tax code. If Congress goes down that
road, all tax exemptions, including the credit union tax
status, could be gone.
If we are to preserve our tax
status, we must ensure our voice is heard loud and clear on
Capitol Hill, and that there is no doubt in Congress that a
tax on credit unions is a tax on 96 million Americans, and
How does this
Any tax on credit unions is
really a tax on its members since credit unions are
cooperatively owned by the people they serve. If credit
unions were taxed, their benefits to members and communities
will be lost, and a consumer-friendly option in the
financial marketplace will vanish.
Now is the time to mobilize
and deliver a strong message to Congress: “Don’t Tax My