CUNA & Leagues Examine Tax Reform Report Posted by Association of Vermont Credit Unions on 11:40 AM

Speaker of the House Paul Ryan (R-Wis.) and House Ways and Means Chair Kevin Brady (R-Texas) recently unveiled their sixth and final agenda paper, part of Ryan’s "A Better Way" issues agenda. The report is meant to be a platform outlining solutions to a number of current issues facing the country.

Brady, who is also the leader of the Tax Reform Task Force, released the paper, which is designed to serve as a blueprint for comprehensive tax reform.

With the goal of identifying ways to reduce the tax burden Americans face, the paper covers tax reform from an individual and business perspective. The Ways and Means Committee expects to work on the blueprint for reform this year, with a goal of having it ready for legislative action next year.

In Feburary Ryan submitted a video address to CUNA’s 2016 Governmental Affairs Conference, where he said he is “very familiar with credit unions and the value they provide.” He also praised credit unions for the “critical financial role” they serve for over 100 million Americans.

Ryan previously cited the need for regulatory relief in another part of "A Better Way" that focuses on the economy. He cited CUNA’s data on the negative effects over-regulation is having on community financial institutions.

The nationwide grassroots campaign to preserve the credit union tax status continues. Credit union professionals, volunteers and members are encouraged to visit the Don’t Tax My Credit Union website where they can easily weigh in with their elected representatives in Congress on this important issue.