Iowa Legislature Public Hearings

Darrell Lewis

CON

Now is not the time to reduce taxes with the impending economic disaster facing Iowa because of Chinese tariffs on agriculture products.

Randy Schmerbach []

CON

I am a credit union member and am happy that the Governors bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

Jean Dell []

CON

I strongly oppose the significant reduction in State revenues from all the taxes mentioned in HSB 671. Vital funding to education and to the Medicaid system were diminished because the Legislature said there were not sufficient revenues to fund these services at requested levels.Cutting revenue at this time is shortsighted and foolish. Promises by the Legislature to backfill cities for lost revenue from a prior tax cut is now being chopped or eliminated. Citizens may pay more taxes locally to make up for a broken commitment by our elected Legislators.Do not pass the proposed revenue reduction!!

Mike Owen [Iowa Policy Project]

CON

Our emphasis is less on "pro" or "con" than helping people to see advantages and disadvantages in the proposal as further adjustments are made during the legislative process. We have produced several reports and analysis pieces about tax policy that would be helpful to this discussion. I have submitted one twopage piece that outlines key points comparing the Governor's proposal with sensible reforms that could be made without losing revenue for critical Iowa services.

Rebel Snodgrass [Warren County Republican Central Committee]

PRO

It is my moral obligation and duty to stand and fight for my neighbors as Chair of the Republican Party in Warren County. It would be my honor to speak for this bill.

Michelle Barker []

PRO

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowans which is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

Anonymous []

CON

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowans which is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

Robert Coutchie []

CON

While I am glad the Governor's bill does not raise credit union taxes, I am concerned that the senate has decided to raise taxes on credit unions which means their credit union members. My credit unions don't have to answer to stock holders and are able to keep rates down and fees down to help me and my family save money. Taxing credit unions will have the opposite effect of tax relief which is what I believe this bill is supposed to do. Taxing credit unions is taxing me the member and is a tax increase to me and 600,000 other credit union members essentially.

Jenny Lorenz []

PRO

I am in support of Governor Reynold's bill as drafted which DOES NOT include any provisions to tax credit unions. I don't understand the logic behind the Senate's bill to tax credit unions and trying to pass it off as a tax reduction bill when it will only reduce taxes for a few bank stockholders in Iowa while INCREASING taxes for 20 credit unions in Iowa; thus subsequently will increase over 600,000 Iowans expenses to foot the bill. That bill is BAD public policy and hurts the people of Iowa at the expense of a few wealthy stockholders who likely don't even live in our state. As a result, I urge you to do what is good for the citizens in this state by supporting the Governor's bill and opposing any amendments that that would tax Iowa's credit union cooperatives.Thank you for the opportunity to voice our opinions.

Karl Schilling [Iowa United Professionals/United Electrial Workers]

CON

While there are some good elements in the bill the overall impact will work a hardship on the citizens of Iowa. Racked with budget shortfalls already, this bill will ensure that our budget problems will get even worse, especially if Iowa is also the victim of a trade war.

Shelly A Silver [Mrs.]

CON

If this passes, you will have turned us into Kansas. I don't mind paying taxes if it is spent on education, corrections, DHS and other public services, but no, cuts are being made yet again. It's bad enough that this was done at the Federal level. I'd be all for this if our state was in the black but to do it when we're in the red??!! Is just monumentally stupid. Iowa nice apparently doesn't exist anymore. So basically, we're just robbing Peter (cuts in services) to pay Paul (tax breaks). In the meantime, we screw over our most vulnerable citizens. If we had. Universal Healthcare, I'd consider a move out of this state. Anyone that supports this should be ashamed of themselves. Not to mention all the other bad legislation this session and last.

Anonymous []

PRO

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowans which is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

Ashlee Cooper [Linn Area Credit Union]

PRO

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowans which is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.I support Governor Reynolds bill as originally drafted.

Peter J Englund []

CON

I am extremely disappointed in our representatives choice to hurt regular Iowans even more by cutting taxes on the wealthy, and cutting services to average Iowans. We have already seen unprecedented cuts to many services across the State; Parks, Forests, Mental Health services, Correctional facilities, Education and other Government Services. It has been proven in many States across our great Nation that trickle down economics does not work. It is a sham, a farce to give money to those who would horde it and keep it out of the hands of those who need it. If we want to boost our economy we need to invest in our people!! The more the average Iowan has to spend, the more the economy would grow. Minnesota and California are both case studies for this growth, just as Kansas and Oklahoma are examples of the opposite. The people do not want this tax cut in a time when our State Parks are running at 50% less funding than they had 10 years ago. Where our Correctional and Mental Health Facilities do not have the staff to make a safe and effective difference. Where our children suffer because teachers will not tolerate the backhanded tactics of the GOP. I oppose this trickle down bill that does not benefit anyone but CEO's and shareholders. We the people are watching you. You do not represent us, you represent the highest bidder and we see through your ruse. Start doing the peoples bidding.

Anonymous []

PRO

Thank you for not imposing a tax on Credit Unions in the Governors bill. A tax on Credit Unions ultimately means a tax on Iowa citizens, like myself. I would urge you not to include a tax on Credit Unions in the House bill, because I know this would essentially mean higher fees being passed along to me so that my Credit Union can afford to pay the additional tax burden.Thank you for your support!

Charles Bruner [Retired]

CON

TESTIMONY ON HSB671:The Need to Delete Two New Preferential Tax Expenditures: the QBID and the Senior Tax DeductionI am Charles Bruner, and I have a special interest in tax policy and its impact upon children and families, starting with my tenure as an Iowa legislator from 1978 to 1990, where I worked on child policy issues (chairing the human services appropriations subcommittee) and on tax policies (chairing the ways and means committee. Taxes are necessary to fund essential services, particularly to ensure the safety, security, health, and education of children. At the same time, taxes should be fair, efficient, accountable and simple to administer, and competitive. Fairness includes treating similar taxpayers similarly as well as basing taxes on ability to pay.While some of the major provisions in HSB671 (expanding the standard deduction and eliminating federal deductibility and adjusting the rates) move toward making Iowas tax system fairer, others do not.In particular, there are two preferential tax expenditures provisions that have been added which move in the opposite direction and I would strongly urge be deleted from HSB671.First, HSB671 incorporates into Iowas individual income tax system a special preference for some income acquired as business income over that secured as wage or other income. HSB671 creates a qualified business income deduction (QBID) similar to the new federal provision a provision put into place at the federal level to make rates between corporate and individual income tax more equivalent for filers who have the opportunity to select whether to operate under a corporate income tax or the individual income tax as a subchapter S corporation, partnership, or sole proprietorship. The QBID provision is very complicated and is one tax experts view as subject to potential manipulation and high costs in terms of lost revenue. The Department of Revenue estimates the cost of HSB671s version in excess of $25 million annually and one which primarily benefits the very highest income taxfilers. The rationale for its inclusion at the federal level simply does not hold at the state level, as Iowas top corporate income tax rate is and remains higher than the individual income tax rate. Adding a new preferential tax expenditure to Iowas code moves in the opposite direction of reform. Second, HSB671 establishes an additional $1,500 deduction for seniors and the blind. Currently, Iowa has established preferential tax treatment for seniors, in terms of a special credit and in terms of the exclusion of all social security income and $6,000 ($12,000 for a married couple) of other pension income from taxation. The result is that seniors on fixed incomes already receive substantial tax breaks, and seniors generally are taxed at much lower rates than working Iowans, even when they have high incomes. This further deduction exacerbates this situation and, in fact, provides its primary benefits on seniors (like myself) with incomes above 400 percent of the federal poverty level. Seniors today are the least likely age group in Iowa to be in poverty and themselves hold a disproportionate share of the overall wealth. Adding an additional deduction for them is unfair to working Iowans and, as Iowa continues to age, will have an increasing negative impact on Iowa tax revenues.When major tax reform measures are under consideration, it is essential to give careful scrutiny to each individual provision separately and as it fits into the overall legislation. Neither of these two provisions achieves a public purpose and both violate recognized tax principles, particularly around fairness, simplicity, and adequacy. They move in the opposite direction of tax reform and should not be added to Iowas tax code.More detailed information on the Qualified Business Income Deduction is provided in the attachment. More information on the senior deduction can be found at: http://www.iowafiscal.org/wp/wpcontent/uploads/2018/03/180321IFPseniors.pdf.

Matt Dodds [Public]

CON

I am a credit union member and am happy that the governors bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. 600,000 Iowans do not deserve to pay more taxes. My credit union does things for me and for my community that other financial institutions won't do for their customers. It is very frustrating knowing how much time and energy is wasted due to banker complaints. Banks are doing better than ever and bank shareholders are doing great as well. They don't understand what credit unions are or what they are about they only want to hurt credit union members to drive more business their way. Banks should convert to credit unions. Interestingly enough, I am not aware of any bank that has ever converted. The ownership structure of credit unions is unique and plays a role in Iowa. Do not raise my taxes or those of over 600,000 Iowans. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.Matt Dodds

Brandie Backes [Dupaco Community Credit Union]

CON

I am a credit union member and am happy that the governors bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

David Klavitter [Dupaco Community Credit Union]

PRO

Thanks to Gov. Kim Reynolds' tax reform proposal, which reaffirms credit unions are indeed fulfilling their purpose to provide access to affordable credit, encourage habits of thrift, and provide opportunity for members to use and control their own money on a DEMOCRATIC basis in order to IMPROVE their economic and social condition.Banks have 90% market share in Iowa. Theyve enjoyed six years of record profits. Things seem to be working. Raising credit union taxes is ultimately designed enhance bank shareholder profits. The bottom line is credit unions are living our mandate to serve and lift Iowans. Please OPPOSE any tax increase on 1.1 million Iowa credit union members.

Anonymous [Dupaco Community Credit Union]

CON

I am a credit union member and am happy that the governors bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

Maria Dickmann [Self]

CON

Cities are having a hard enough time without the state meddling again to make it even harder to operate at the level of service our residents expect

Anonymous [Alliant Credit Union]

CON

I am credit union member and have been for over 30 years. Very happy the Governor's bill does not raise credit union taxes. Although I understand the Senate tax reform bill would raise taxes on 20 credit unions and over 600,000 Iowans. I don't believe that should be considered as tax "relief" Would truly appreciate if you would not include any tax increases for credit unions in the House bill. . that simply translate down to a tax increase on members like me and my family.

Kara Bunte [ Bunte Communication Group ]

CON

I am a credit union member and am happy that the governors bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members and other hard working Iowans like me.

Jim Walsh [JSA Development, Waterloo, Iowa]

PRO

I am principal owner of a development company that has done a dozen historic rehabilitation projects in Waterloo. If the Iowa historic rehabilitation tax credit program is impaired even a little bit I am going to have to stop doing these projects. I put millions of dollars of my money into this community need and only ask that the State of Iowa keep funding this necessary program. If funding can be INCREASED that would help but cutting it even a little will make the program unworkable in the real world. Thank you.

Anonymous [Linn Area Credit Union]

PRO

Please do not tax our Credit Unions. We do SO much more than give loans to members that would not otherwise qualify at other finaincials. Hours and hours of education are provided to our youth to become financially successful and much care is given to our elderly to ensure we are asking questions that would help to prevent them from being taken advantage of by scammers/family members or abusers that are caring for them each and everyday as well help them with their financial needs. We are not for profit so that we can give better returns to our members and better rates. I have worked in the Credit Union for over 10 years, with Bank experience prior to that, I can tell you with a 100% accuracy that no bank has ever given the care to our community and our members like our Credit Unions do.Thank you!

Anonymous [Cedar Rapids Bank & Trust Company]

PRO

First of all I want to thank you all for working so hard on delivering tax reform for the American people that will bring welcome relief to hard working Americans and those of us who create jobs for our fellow citizens.I want to reemphasize the importance and value of the Historic Tax Credit. In a state such as Iowa, it is the economic driver for the rehabilitation of incomeproducing properties. The Historic Tax Credit has a proven record of creating jobs, saving historic buildings, and revitalizing main streets. Since 2002 in Iowa, this critical economic development tool has allowed 232 projects to occur for $1,037,204,620 in total development costs, 17,514 new jobs, total net income generated of $970,304,500, and total taxes generated of $202,538,600. This is the tax incentive that encourages private investment in historic properties, which form the fabric of all our communities, large and small, urban and rural. I urge you to keep the Historic Tax Credit program in the State of Iowa.Thanks!

Jean Marinos [Wright on the Park ]

PRO

Wright on the Park,Inc utilized Iowa State Historic Tax credits to restore the Historic Park Inn Hotel in downtown Mason City. The restoration has revitalized the downtown, bringing travelers from around the world, adding new businesses and boosting the economy of all of North Iowa. This project could not have been done without tax credits from the State. State Historic Tax Credits must be retained as a vital economic development tool for Iowa's communities, large and small.

Sandy Hesseltine []

CON

Our state deserves better. These massive tax cuts to corporations and the wealthy only do a major disservice to the people of our state, our education system as well as hurting those that are In need of services that our state government should provide its citizens.This plan has been tried by other states (Kansas) and failed miserably.The Republicans running our state is an embarrassment.

Scott D Tunnicliff [Hilltop Campus Village]

PRO

The State Historic Tax Credits need to be held harmless in this bill. The tax credits make possible the preservation and creative reuse of buildings in urban and rural Iowa.

Derek Lumsden [Osceola Chamber Main Street]

PRO

The State Historic Tax Credit is a great and needed incentive in the state of Iowa. This is one way that a number of communities save historic properties from neglect and condemnation.In Osceola, the State Historic Tax Credit was used to help finance the rehabilitation of a 100+ year old building in the downtown that was originally a Masonic Lodge. Not only did the tax credits help save the building, but it saved a business on the first floor, allowing it to expand during the remodel. Also, it added six luxury apartments to the downtown. This has encouraged a lot of transitional staff at local industries to live here as well as shop and utilize the downtown services more. Since opening in 2012, our vacancy rate is down in the downtown businesses, new businesses have opened in the past few years, and more people are renovating their properties to make the downtown look united.Without the State Historic Tax Credit, this three story building would have been condemned and torn down. It would now either be a parking lot or some metal shell of a building that does nothing for the community. There would not be new people living downtown, no businesses coming in, and there would be fewer people living in the downtown.This incentive is vital for small communities, especially those looking to save their historical integrity. Please keep these tax credits in place just as they are.

Steve Marlow [Iowa Society of CPAs]

PRO

ISCPAs goal is to couple with the federal tax code as much as possible and as quickly as possible. Enacting a coupling bill is necessary to achieve conformity between Iowa and federal tax law.Conformity between Iowa and federal tax systems serves the interests of taxpayers, state tax agencies and the overall health of the intergovernmental fiscal system. It promotes simplification for the taxpayer and increases voluntary compliance with the tax laws, increasing tax payments to Iowa.

Dave Hulsbrink [Credit Unions]

CON

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowans which is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

Carol Lilly [Community Main Street]

PRO

Historic tax credits have been an important tool our main street organization has used to help individual property owners finance their building renovation projects. We recently created a historic district to enable more of our business owners access the tax credits. Please retain the historic tax credit program.

Brent Johnson []

PRO

Having received funds from this source in the past I can tell you the quality and final look of our project would have been drastically different that was we ended up with.This bill is essential to keeping the history and culture alive in our communities.

Annie Uetz [Polk County Health Services]

CON

As a mental health and disability services (MHDS) region, Polk Region, is very concerned about page 42, lines 2022 of HSB 671, the Governors tax reform bill. ac. Personal transportation service, including but not limited to taxis, driver service, ride sharing service, rides for hire, and limousine service, including driver; machine. Iowa Medicaid (fee for service), the two Medicaid managed care organizations and MHDS Regions all pay for personal transportation service for individuals who are unable to ride or who not have access to city bus services. We all contract with several different providers of transportation and this would increase the overall cost of transportation services by 6%. It does not make sense to take government dollars to pay for a tax.Trans Iowa provided $1,580,108 of transportation services to residents of Polk County from March 1, 2017 to February 28, 2018. These services were paid for by state and local governments. If this tax is approved, it would increase these service costs by an additional $94,806.48. This is just one of many transportation providers contracted with state and local government to serve those with disabilities. We would like you to request a fiscal note on this to determine the impact to Medicaid, Medicaid Managed Care Organizations, and MHDS Regions, and to consider exempting sales tax on transportation services paid for with state and local tax dollars.Along with the cost to the state and local governments, it also puts an unfair burden on those who live in poverty but dont qualify for government funded transportation. They utilize transportations to get to and from work, to and from the grocery store, etc. It is not a service of luxury but a service of necessity.

David Krejchi [Cedar Falls Development Group]

PRO

I ask that you support the historical tax credits. I live in Cedar Falls and know they have been instrumental in the rebuilding of our downtown buildings. I was involved in many businesses including the Historical Blackhawk Hotel and the old Federal Post office now home of Bike Tech. I hope you vote yes for this historical tax credit to continue to save old historical buildings that can be repurposed.

Katie Hall [Iowa Institute for Cooperatives]

PRO

The Institute supports no tax increase for credit unions. We also spport coupling with Federal Section 199A with a modification, omitting farmer w2 wage requirements that would allow for 20% tax deduction on Qualified Business Income, regardless of where the farmer chooses to do business (private entity or cooperative).

Anonymous [CUNA Mututal Group]

PRO

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me. Thank you.

Anonymous [CUNA Mutual Group]

PRO

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

Anonymous [CUNA Mutual Group]

PRO

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.

Breann Bye [6th Avenue Corridor Urban Main Street Program]

PRO

It is absolutely essential that the State Historic Tax Credit Program be retained at existing levels. Historic tax credits have been instrumental in rehabilitating historic properties across the state of Iowa, and certainly here in the distressed urban neighborhoods of Des Moines where credits are often fundamental to making a project budget work. They've been used by developers of mixedused projects and private property owners seeking to preserve the historic character of our neighborhoods one old house at a time. Show the citizens of Iowa that our decisionmakers value the history of our state and have the common sense to retain a program that brings in more revenue for the state than it costs.

Anonymous [Cuna Mutual Group]

PRO

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me

Jon Royal []

PRO

I live in a house built by my great grandparents in the River Bend neighborhood of Des Moines. In 70 years of being associated with this area I have watched as the houses were chopped up and allowed to go into disrepair by absentee landlords. With extraordinary effort of many in the neighborhood we have slowly been able to get new single owners to purchase and rehabilitate some of these houses. This would not have been possible without historic tax credits. The property values were too low to justify the capital required to restore these gems. We have now reached some positive momentum in improving the neighborhood, improving the tax base and lowering crime but we are a long way from being done. Almost every month there is a question if another house will be lost. Please maintain the historic tax credits.

Craig Ibsen [Next Level Ventures]

PRO

RE Innovation Fund Tax Credits

Pamela Taylor [Cedar Falls Community Main Street, Cedar Falls Development Group]

PRO

I have been involved with downtown redevelopment in Cedar Falls for close to 30 years and have seen first hand the effect Historic Tax Credits have had on the prosperity that has come as a result of restoring historic buildings in our downtown. It has made possible reuse of attractive buildings which house businesses that employee Iowans, generate sales taxes and property taxes, revitalize central business districts, and improve the quality of life in towns across Iowa. These downtowns are a wonderful recruiting tool for local businesses trying to attract workers, a challenge that is common across our state. Historic buildings add to the 'sense of place,' by making downtowns vibrant again. Having 'someplace to go' outside of work hours is what so many young workers look for when they weigh employment options.

Anonymous []

PRO

When I moved to Iowa in 2010 I was going through significant financial hardship including bankruptcy. My lawyer said that the bank I had my account with was not good to average people in my situation. I had no where to turn until my friend suggested Verdian Credit Union. Not only did Veridain stand by my they have helped restore my credit even helped me when I owed back taxes to California. A bank would not have looked at me the same way. Taxing credit unions is punitive in nature and not in the best interests of Iowans like me.

Dan Rohde [Independent]

CON

Dear Iowa Lawmakers:This is directed specifically to GOP reps and senators Carlson, Lofgren, and Greene from SE Iowa. Stop cutting funding for public education and health care while you give tax breaks to big businesses. You should be helping Iowans, not giving their money away. Be leaders, not paid GOP advocates.Dan Rohde

Gregg Humble [Humble Travel Service, Ltd.]

PRO

Please maintain the state historic tax credit ascurrently organized. Our business is located ina historic building built in 1899. The state historic tax credit is important vital to ourcommunity main street.

Thomas Benak []

PRO

Please consider keeping in force the Historic Tax Credit for renovations of historic buildings in the state of Iowa.Without the Historic tax credit many building in the state will not be considered for saving. Too much of our history will be lost if the credit is not continued.I was part of a group (Cedar Falls Development Group) that saved the Old Post Office at 217 Washington St. in Cedar Falls, Iowa. The Historic Downtown in Cedar Falls is the core of our city. It draws significant numbers of Tourists.Tom

Kevin Cummer [CUNA Mutual Group]

PRO

I am a credit union member and am happy that the Governor's bill does not raise credit union taxes. The Senate tax reform bill raises taxes on 20 credit unions and over 600,000 Iowanswhich is the opposite of tax relief. Please do not include any tax increase on credit unions in the House bill. A tax increase on credit unions is a tax increase on credit union members like me.