Federal Take Action

Taxation needs representation. Congress has passed more than $2.5 trillion in COVID-19 relief and economic stimulus legislation, and the national debt has surpassed $28 trillion. Infrastructure spending could add significantly to the federal tab.

It is hard not to conclude that tax increases are on the horizon. The question becomes: Who’s going to pay for all of this? It would be foolishly naïve to think lawmakers will ignore our industry and the products and services vital to the financial security of American consumers. They are looking at us, and we need to be ready.

Fortunately, NAIFA is the foremost advocacy association in our industry representing agents and advisors as well as their clients and Main Street consumers. Our advocacy ensures that policymakers know our industry provides products and services vital to our nation’s economic health and to the financial security of American families and businesses. We help them understand that further taxing our industry and our clients’ financial security solutions is not the answer.

But to be successful, NAIFA needs all the financial professionals who benefit from NAIFA’s advocacy to become members. Numbers do matter! A larger membership base gives us even more clout with lawmakers. We also need our members to be politically engaged and involved. That is the theme of our fall membership-advocacy campaign: Taxation Needs Representation.

It’s clear that members of Congress and state legislators need to hear NAIFA’s advocacy messages now more than ever. Taxation needs representation, and your NAIFA membership, grassroots participation and IFAPAC donations ensure that you are represented in Washington, D.C., and every state capital.

In the face of this taxation threat, what can you do to ensure your representation is as strong as it needs to be?

• Encourage all your colleagues to become NAIFA members. Explain to them the critical advocacy work NAIFA does and how they benefit.

• Participate! Use NAIFA’s Advocacy Action Center to report your relationships with federal and state lawmakers. Meet with your members of Congress in their home districts and attend their in-district events. Attend NAIFA’s annual Congressional Conference. Grassroots is NAIFA’s advocacy strength, but it is only effective when members participate.

• Support IFAPAC. NAIFA’s political action committee supports lawmakers and candidate who understand our issues and importance of financial professionals. IFAPAC ensures that NAIFA is in the conversation when legislation affecting our industry is up for debate.

NAIFA Trustee Win Havir, CPCU, CLF, LUTCF, FSS, AIC, LACP, a founding member of NAIFA’s Diversity, Equity, and Inclusion (DEI) Council, testified on behalf of NAIFA before the National Association of Insurance Commissioners (NAIC) Committee on Race and Insurance.

“NAIFA represents Main Street, and we are continually looking for ways to remove the barriers that stand in the way of access to financial literacy and the products and services that provide financial security, independence and freedom for all,” Havir told the committee. “NAIFA members do this every day and celebrate many diverse