Legislative language released this week contains ICBA-opposed tax increases that community bankers can speak out against.
Background: Budget-reconciliation legislative text includes ICBA-opposed proposals to raise rates on pass-through shareholders and C corporations, cap the Section 199A deduction, increase the capital gains tax, and impose capital gains at death.
Grassroots: ICBA’s Be Heard grassroots action center allows community banks to send customizable messages to their lawmakers opposing these proposed tax hikes.