Getting credit union facts in front of D.C. policymakers
Why should Congress protect and empower Americans’ financial security by protecting the credit union tax status? Because strong credit unions mean stronger communities and a stronger America. In newly launched content with Politico, America’s Credit Unions outlines the credit union tax status, its impact, and how policymakers can protect credit unions and the people they serve.
A top publication read by beltway insiders, Politico subscribers will see America’s Credit Unions’ issue brief during the next six weeks across various Politico publications.
The content gives a look at where things stand now, with key tax cuts scheduled to expire at the end of this year, and how Congress is considering the credit union tax status as a potential “pay-for” to cover the cost of tax reform.
The information emphasizes that 40% of Americans (more than 140 million) choose credit unions as their trusted financial partner because credit unions help them to achieve their financial goals and thrive.
It also addresses the many benefits that come with the credit union tax status, citing the recent independent study commissioned by America’s Credit Unions. The study shows that eliminating the credit union tax status would cost the federal government $33 billion in lost income tax revenue, reduce GDP by $266 billion, and cost 822,000 jobs over the next 10 years.