The credit union lobbyists are in full panic mode. Their tax exemption is on the chopping block and they can't blame it on the big bad banks.
The bipartisan "Blank Slate" tax reform proposal that has been initiated by the Senate Finance Committee and the House Ways and Means Committee has finally put this outdated tax exemption in the proper perspective. Should we raise taxes on every business in America so that a handful of highly profitable financial institutions can continue to retain profits and grow tax-free? Of course not!
Read more...Tax Reform Proposal Backs Credit Unions into a Corner
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