Lawmakers are looking at the tax status
Jim Nussle
Chief Executive Officer, AMERICA’S CREDIT UNIONS. Our mission is to advocate for and advance an environment where credit unions thrive.
We’re ramping up our Don’t Tax My Credit Union campaign, launching the first digital ads targeted at key lawmakers reminding them of the importance of the credit union tax status.
This comes as the House Ways and Means Committee released a document seeking feedback on a comprehensive list of items that could fund government priorities.
The credit union tax status was included in the hundreds of potential “pay for” options, valued at $30 billion in the next 10 years. This wasn’t unexpected. We’ve been saying for months everything is on the menu and now we must work together to show how this so-called “cost” pales in comparison to the life-changing difference credit unions make for more than 140 million Americans.
Our Don’t Tax My Credit Union campaign includes a new consumer-facing website, as well as resources for credit unions. We’re asking you to use these resources—including ?the Member Activation Program, Project Zip Code, and National Advocacy Fund—and lay the groundwork of awareness so your members will engage with Congress when the time is right to activate our grassroots.
Our advocacy isn’t limited to Congress. The new administration and new officials taking office this week means new people in charge of executing its priorities.
I wrote to President Trump, reminding him that credit unions are the heart and soul of the American economy, and shared with his agency appointees how credit union priorities intersect with their policy areas.
Your direct outreach put a face to our concerns. As the tax discussions unfold, the ongoing efforts by league and credit union leaders to come to Washington, D.C., and share stories and data about the credit union difference with key lawmakers will make a big impact in this effort.
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