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Tax discussion draft expected next week

In a memo to Republican committee members, House Ways and Means Committee Chairman Dave Camp (R-MI) said he plans to release draft reforms to the U.S. tax code the week of Feb. 24 (Bloomberg BNA, Politico, Feb. 19).

There will be 4,300 credit union advocates hitting Washington, D.C., next week for the CUNA GAC. This includes more than 150 credit union executives from Alabama and Florida. CUNA EVP John Magill said earlier this week that the timing of having thousands of credit union advocates available for Capitol Hill meetings could not be any better with the expectation of the release of Camp's discussion draft for tax reforms (News Now, Feb. 19).

It was almost exactly a year ago that House Speaker John Boehner (R-OH) used the CUNA GAC as the platform to discuss reform of the country's tax code.

In response to news of the Camp memo Wednesday, CUNA President/CEO Bill Cheney said, "For the past nine months, CUNA, the state credit union leagues, and credit unions have been contacting members of Congress and urging them 'Don't Tax My Credit Union.' After more than 1.3 million contacts with lawmakers through that campaign, we're hopeful that our advocacy message got through."

Visit CUNA News Now for the complete story.

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