TITLE

Could Rescue Open Door To CU Taxation Debate?

AUTHOR(S)
Adler, Joe; Barba, Robert; Kaper, Stacy; Hopkins, Cheyenne
PUB. DATE
January 2009
SOURCE
American Banker;1/30/2009, Vol. 174 Issue 20, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that lobbyists for banking trade associations believe that the U.S. bailout of the financial services industry may renew the debate over the tax exemption granted credit unions. The banks have long urged that the exemption be abolished. Lobbyist state the decision of some credit unions to accept funds from the bailout proves that they should be governed by the same tax laws as banks.
ACCESSION #
36462000

Tags: LOBBYISTS;  BANKING industry -- Political activity;  BANKING law -- United States;  CREDIT unions -- Taxation;  BAILOUTS (Finance)

 

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