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Obama embraces the Simple Return plan

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Uploaded on Sep 22, 2011

Do you want the IRS doing your taxes for you? Neither do we, but President Obama has embraced the Simple Return plan. In this video from his 2008 campaign, the president says, "It's time to cut through the complexity. When I'm President, we'll put in place a system where 40 million Americans with a job and a bank account who take the standard deduction can do their taxes in less than 5 minutes. The government already collects wage and bank account information, so there's no reason the IRS can't send Americans free file tax forms to verify. This means no more worry, no more wasted time, no more extra expense for a tax preparer. Making this change would save Americans more than $2 billion dollars in tax preparer fees, more than 200 million hours of work, and an incalculable amount of headache and heartburn."

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