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Corporate Tax Reform Proposal Excludes CUs

Corporate Tax Reform Proposal Excludes CUs

Credit unions escaped mention in a proposed framework for corporate tax reform released by the White House and Treasury on February 22.  The 25-page plan calls for making a wide range of corporate tax law changes in order to lower the overall corporate tax rate across the board to 28% from 35%.

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President Proposes Agency Consolidation

President Proposes Agency Consolidation

Late last week, President Obama introduced his proposal to combine several trade and commerce related agencies under a plan that the White House says would save $3 billion and eliminate more than 1,000 jobs over next ten years. The proposal would combine the functions and staff of six trade and commerce related agencies and offices, including the Small Business Administration, the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation and the Trade and Development Agency.

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