Mark Calabria, chief economist for Vice President Mike Pence, spoke to hundreds of Congressional Caucus attendees Monday about the administration's new directions in economic policy and specifically discussed economic growth.
In addition to Calabria, Caucus attendees Monday heard from three members of the House Financial Services Committee on issues affecting the credit union industry, including regulatory relief, tax reform and preservation of credit unions' federal tax exemption.
House Chief Deputy Whip Patrick McHenry, R-N.C., and Reps. Brad Sherman, D-Calif., and Dan Kildee, D-Mich., highlighted their individual efforts to work for credit unions' best interests, but there was one common thread among all three: support of credit unions' tax-exempt status.
Sherman noted that any projected revenue increases from the exemption elimination are exaggerated, and McHenry criticized groups that ask Congress to make it more difficult for credit unions to operate.
In addition to protecting credit unions' not-for-profit tax status, the lawmakers also addressed these issues:
NAFCU's Caucus runs through Wednesday in Washington. Follow the hashtag #NAFCUCaucus on Twitter for the latest information.