House Tax Discussions Delayed Until Early 2014 

In early November, U.S. Rep. Dave Camp, chairman of the House Ways and Means Committee, said he was planning on passing tax reform legislation out of committee by the year's end. While pressure to introduce comprehensive tax reform legislation has continued, budget negotiations have taken a higher priority role with House and Senate leadership, pushing back tax reform discussion into early 2014. Many in Washington are speculating that tax reform will not happen in 2014 as the window gets smaller prior to the fall elections. Discussions between Camp and Rep. Spencer Bachus, R-Ala., continue as CUNA and MCUL & Affiliates reinforce the importance of maintaining the CU exemption in any reform proposals. Next year's CUNA GAC will provide a timely platform for thousands of CU leaders across the country to reinforce the federal income tax exemption with their members of Congress as the House and Senate Finance Committees make a final attempt to push comprehensive reforms through each chamber.
 


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