CUNA's Focus Summary: House Tax Bill's Impact on CUs
Jim Nussle
Chief Executive Officer, AMERICA’S CREDIT UNIONS. Our mission is to advocate for and advance an environment where credit unions thrive.
Good afternoon,
As promised, I'm keeping you apprised as Congress works on tax reform. My team and I pored through the House version of the bill that was introduced last week to assess its potential impact. While this legislation is the first step in a long process, it's also the marker for where Congress is right now on this very important issue for credit unions and all Americans.
The last time we saw a major tax code overhaul was in 1986. This means there's a lot of opportunity for improvements, but there's also room and time for Congress to consider everything in the tax code, including credit unions. We'll be sending updates on any substantive changes as the process moves through the House and when the Senate introduces its own bill.
Download our focus summary now for a look at what the current version of the House bill means for credit union operations.
All the best,
Jim Nussle
President & CEO
Credit Union National Association