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Cheney Report: Tax, Housing Policy Top Billing As Congress Returns
WASHINGTON (9/9/13)--This week's edition of The Cheney Report focuses on two of the hottest topics as the U.S. Congress returns to Washington this week: Taxes and Housing. And, as these issues return to the forefront, strong advocacy efforts are needed more than ever.

As tax conversations return to the halls of Capitol Hill, the Credit Union National Association is readying another #DontTaxTuesday to launch on Sept. 10. "This event serves as a bookend to our first blitz, which we sponsored in late July just as Congress was getting ready to go out on its summer break," Cheney wrote.

Senate and House tax-writing committees may hold mark-ups on their respective tax reform plans, and credit unions must be part of the discussion, whether legislation is offered this fall or at a later date, he emphasized.

"Let Congress hear credit unions--again--loud and clear: Don't Tax My Credit Union." (See News Now story: CUInsight: Every Voice Counts On Don't Tax Tuesday.)

Meanwhile, Cheney said CUNA also expects housing finance reform to heat up in the coming weeks. "Leaders of the Senate Banking Committee, and the chairman of the House Financial Services Committee, have strongly indicated their desire to move legislation to the floor in their respective chambers by this fall," he wrote.

"There are many variables that could come into play, of course, for both of these issues. But CUNA and the Leagues are planning for all contingencies--and will be ready as action develops," Cheney wrote.

Actively participating in credit union grassroots activities and the political process is one tenet of CUNA's Unite for Good. Through Unite for Good, CUNA has called on credit unions to rally together to help create a nation in which "Americans choose credit unions as their best financial partner."

Cheney said this rallying cry will be heard again on Oct. 17, International Credit Union Day. "This year presents a golden opportunity to capture all the positive energy around our internal system efforts and share the message with credit union members," Cheney said.

Other topics touched on in this week's Cheney Report include:
  • Credit Union Magazine's special issue featuring credit union "rock stars" from across the country;
  • CUNA's latest edition of E-Scan; and
  • CUNA's concerns regarding a recent National Credit Union Administration letter addressing credit union membership advertising.
Each Friday, The Cheney Report provides a valuable window into CUNA's actions on behalf of member credit unions and reinforces the value of CUNA membership. To sign up for The Cheney Report, click the resource link below and use the "subscribe" tab on the right of the page.

Past issues of The Cheney Report are also archived on cuna.org.
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