Five Reasons the Fraternal Tax Exemption Should Be Repealed
Now that I’ve got your attention, I need your help. I will be in Washington, D.C., next week for a series of meetings with public policymakers, congressional staffers, think-tank representatives, and insurance industry leaders. No doubt the value and validity of the fraternal tax exemption will come up in those conversations – probably more than once.
When the Board hired me, they made it clear that the most important of the many priorities that come with the job of NFCA president and CEO is to defend the fraternal tax exemption at all costs. And with the government’s fuel gauge well below “E,” you can bet that finding new sources of tax revenues is going to be a priority for lawmakers in 2011. That means we’re going to have to be ready with “elevator speeches,” talking points, and honest-to-God facts about how and why the fraternal tax exemption benefits the taxpaying public, if we hope to preserve, protect, and foster the growth of the system.
I have a good idea of the messages and factual data that are most convincing when discussing fraternals with public policymakers. But I need YOU to add some meat to those bones with solid examples of how your society delivers member benefits and community services that make its tax-exempt status a sound investment for the American people. Here’s your chance to let your light shine. Post your comments right here and I’ll use them in my meetings next week…