Outreach intensifies as Ways and Means Committee tax bill markup likely begins May 12

Reports indicate the House Ways and Means Committee will mark up its tax bill Tuesday, May 13, with the committee expected to release the full draft bill text no later than the day before. The committee’s portion of the budget reconciliation will contain all matters related to tax, and America’s Credit Unions continues to urge stakeholders to tell members, “don’t tax my credit union,” as the drafting process enters its final stages. 

The need for this outreach is vital to credit unions’ - and their members’ - future, explains Karyn Davis, president/CEO of UP Federal Credit Union, who visited Capitol Hill last week. 

 
More credit unions and leagues engaged with policymakers Thursday, marking three straight days of more than a dozen meetings in Congressional offices. 

On Thursday, North Carolina-based Truliant Federal Credit Union joined America’s Credit Unions to meet with Rep. Tim Moore, R, a member of the House Budget Committee. 

America’s Credit Unions and Luminate-Louisiana’s Credit Unions President/CEO Juan Fernandez Ceballos met with the office of Rep. Cleo Fields, D, following meetings earlier this week with Speaker of the House Mike Johnson, R, and House Majority Leader Steve Scalise, R, to highlight the potential impact a new tax would have on Louisiana’s credit union members. 

Now is the opportunity for credit unions to contact Congress in strong support of the credit union tax status, emphasizing that changing it would amount to a tax increase on more than 140 million Americans.

Send comments through the Don’t Tax My Credit Union website, and America’s Credit Unions has resources available - including a social media toolkit, press kit, and updated campaign graphics- to help engage members, who are lawmakers' constituents.