Credit union tax status unaddressed in first tax reform hearing of 2025
The House Ways and Means Committee held the first hearing on tax reform in the 119th Congress Tuesday. The hearing primarily focused on tax credits related to children, families, and the middle class.
America’s Credit Unions advocacy team members were on hand for the hearing. With several Tax Cuts and Jobs Act provisions set to expire this year, America’s Credit Unions wrote to the committee in advance of the hearing, noting the positive impact of the credit union tax status and providing key information.