Wednesday, November 14, 2012
H.R. 6474 Would Phase Out Credit Union Tax Exemption
A bill, H.R. 6474, would phase out the credit union federal tax exemption and 28 other federal tax expenditures over a five year period.
In addition, the bill eliminates or replaces many other tax expenditures and lowers personal and corporate tax rates.
H.R. 6474, Implementation of Simpson-Bowles Spending Reductions Act of 2012, was introduced in the House in late September by Rep. Dennis Ross (R - FL).
Read the bill.
In addition, the bill eliminates or replaces many other tax expenditures and lowers personal and corporate tax rates.
H.R. 6474, Implementation of Simpson-Bowles Spending Reductions Act of 2012, was introduced in the House in late September by Rep. Dennis Ross (R - FL).
Read the bill.
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