Sen. Max Baucus (D-Mont.) will retire at the end of his term and not seek re-election in 2014.
That news is of particular importance to credit unions due to Baucus' position as chairman of the Senate Finance Committee, where he leads tax reform in the Capitol's upper chamber that could affect the credit union tax exemption.
John McKechnie, partner at the Washington-based lobby and strategy firm Total Spectrum, said Capitol Hill is already rife with speculation about the impact the announcement could have on tax reform.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
