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CBA Statement on Tax Reform Proposals
WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate Finance Committee released its tax reform proposal:
“The Administration and Congress’ commitment to pro-growth tax reform is a positive step for small-businesses, consumers and our economy. However, the elimination of certain deductions like FDIC Deposit Insurance premiums, among other deductions consumers and businesses rely on, remains a concern,” said CBA President and CEO Richard Hunt.
“CBA will study the impact these changes could have on the retail banking industry and the millions of small businesses and families our members serve.”
About the Consumer Bankers Association
The Consumer Bankers Association represents America’s retail banks above $10 billion in assets. We advance legislation and promote policies geared toward creating a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.6 million jobs in America, extend roughly $3 trillion in consumer loans, and provide $270 billion in small business loans. Follow us on Twitter @consumerbankers.