Independent Banker - October 2017 - 27

READ ICBA'S TAX REFORM
WHITE PAPER
devaluation would expose many community
banks to fi nancial distress and
jeopardize the critical role they play
in the housing market.
»Preserving the municipal
bond interest exemption
ICBA encourages Congress to
preserve the current tax exemption
for interest earned on municipal
debt. The loss or curtailment of this
important exemption would depress
municipal bond pricing for all investors,
raise borrowing costs for state
and local governments, and reduce
resources for vital public services
and infrastructure.
Opposing new commercial
bank taxes
Finally, ICBA continues to oppose
new taxes or fees that specifi cally
target the commercial banking
sector or its customers. In recent
years, Congress has considered
proposals for asset-based taxes,
curbing the deductibility of federal
deposit insurance premiums and
transaction-based taxes, among
others. In our view, the tax code
should never be used to punish
a specifi c industry sector; this
distorts the market and creates
counterproductive outcomes.
Tax reform requires bold thinking,
shrewd, calculated trade-offs and
careful analysis. The US tax code
has not undergone comprehensive
reform since 1986. A revamped tax
code could very well be in place for
another 30 years and set the framework
for our national economic life.
ICBA will continue to sound the
bell for meaningful tax reform to
promote an environment where
community banks fl ourish-today
and for future generations.
John Hand (john.hand@icba.org)
is ICBA's fi rst vice president of
congressional relations.
Alan Keller (alan.keller@icba.org)
is ICBA's fi rst vice president of
legislative policy.
____________
____________
To learn more about ICBA's tax reform
recommendations and the rationale
behind them, download the white paper
now at icba.org
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Independent Banker - October 2017

Table of Contents for the Digital Edition of Independent Banker - October 2017

Table of Contents
Independent Banker - October 2017 - Intro
Independent Banker - October 2017 - Cover1
Independent Banker - October 2017 - Cover2
Independent Banker - October 2017 - Table of Contents
Independent Banker - October 2017 - 2
Independent Banker - October 2017 - 3
Independent Banker - October 2017 - 4
Independent Banker - October 2017 - 5
Independent Banker - October 2017 - 6
Independent Banker - October 2017 - 7
Independent Banker - October 2017 - 8
Independent Banker - October 2017 - 9
Independent Banker - October 2017 - 10
Independent Banker - October 2017 - 11
Independent Banker - October 2017 - 12
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Independent Banker - October 2017 - 15
Independent Banker - October 2017 - 16
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Independent Banker - October 2017 - 18
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Independent Banker - October 2017 - 21
Independent Banker - October 2017 - 22
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Independent Banker - October 2017 - 24
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Independent Banker - October 2017 - 26
Independent Banker - October 2017 - 27
Independent Banker - October 2017 - 28
Independent Banker - October 2017 - 29
Independent Banker - October 2017 - 30
Independent Banker - October 2017 - 31
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Independent Banker - October 2017 - 33
Independent Banker - October 2017 - 34
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Independent Banker - October 2017 - 37
Independent Banker - October 2017 - 38
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Independent Banker - October 2017 - 40
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Independent Banker - October 2017 - 50
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Independent Banker - October 2017 - 71
Independent Banker - October 2017 - 72
Independent Banker - October 2017 - 73
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Independent Banker - October 2017 - Cover3
Independent Banker - October 2017 - Cover4
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