In an open letter to the editor, Taylor said that while lawmakers rail against corporations that skirt corporate income taxes, “there is hardly a whisper” from them about the credit union tax exemption. “It is time for the public and policy makers to WAKE UP!” Taylor wrote.
As part of its ongoing “Wake Up” campaign, ICBA this week spotlighted the tax exemption in a message to Capitol Hill drawn from its "Do They Know They're Tax-Exempt?" research paper. ICBA next week will continue running an open letter to Congress in Politico emphasizing top-priority legislative initiatives, including the credit union tax exemption.