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News Now

Washington
Hoyer tells GAC to push Congress on clarity in tax code
WASHINGTON (2/27/14)--House Minority Whip Steny Hoyer (D-Md.) on Wednesday morning urged credit union industry stakeholders gathered in Washington to push the U.S. Congress to agree to long-term tax reform. 

Simplifying the tax code, he told the Credit Union National Association's 2014 Governmental Affairs Conference, would restore certainty and predictability and "produce a better economy." 

"Clarity on tax reform would go a long way, in my opinion, in finding a fiscal consensus that has been elusive," he said hours before attendees from across the country set out to talk about key credit union issues to legislators on Capitol Hill. "Congress needs to hear your voice in this debate," he later added.

Hoyer made the remarks as House Ways and Means Committee Chairman Dave Camp (R-Mich.) was preparing to publicly release his proposal for tax reform later in the afternoon. (See today's News Now for related story.) The Democratic leader said he couldn't comment on the proposal because he had not seen it.

Surveys have shown that reduced bickering over fiscal matters, in the form of the December 2013 budget approved by Congress, has improved business and consumer optimism (Market News Dec. 26, 2013, and Feb. 11). The agreement will, for two years, avert another partial government shut down like the one that ground Washington to a halt in October.


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