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News Now

CU System
Michigan Lawmaker Opposes Taxation, Says CUs Create Jobs
LANSING, Mich. (8/27/13)--Another Michigan congressman--U.S. Rep. Dan Benishek (R-Mich.)--has issued a statement supporting credit unions' tax status, but he also went a step further, saying credit unions play an important role as job creators, said the Michigan Credit Union League.
 
"As a credit union member, I am opposed to efforts that would raise taxes on any small business--including credit unions," said Benishek (Michigan Monitor Aug. 26). "I will continue to work with my colleagues in the House of Representatives to support policies that reduce regulatory burdens and promote employment for all job creators--from credit unions to the small businesses in Northern Michigan that create and provide jobs."
 
The statement demonstrates the way credit unions contribute to the economy in the state and the nation, said MCUL CEO David Adams. The league asked Benishek for a statement regarding the credit union tax status "and he went one step further," Adams said.
 
"In addition to expressing clear support for the continued tax status, he reiterated his core values that align with credit unions' top legislative priorities: namely maintaining and improving the tax and regulatory climate so credit unions can provide more capital and services to the members and businesses that create and provide jobs," he added.
 
Other Michigan lawmakers who have stated their support of credit union's tax status include Democrats Sens. Debbie Sabenow and Carl Levin as well as U.S. Reps. Dan Kildee, Gary Peters, Sander Levin and John Dingell, all Democrats, and Republicans David Camp, Mike Rogers, Tim Walberg and Kerry Bentivolio.
 
They join other lawmakers from throughout the nation responding to the credit unions' national  Don't Tax My Credit Union Campaign, which is in full swing back in lawmakers' home districts during the legislative recess. For more information about the Credit Union National Association's and leagues' campaign, go to www.Don'tTaxMyCU.org or use the links.
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