"For years, giant tax prep companies like TurboTax and H&R Block have rigged our system so they can cash in on your hard-earned dollars. It's amazing that anyone could oppose this-especially when filing your taxes is something that Americans are required by law to do each year."
"Over two decades, Intuit and H&R Block alone spent over $103 million in federal lobbying efforts to stop IRS modernization and proposed bills that would pre-fill taxpayers' returns."
Sen. Elizabeth Warren has consistently opposed the privatization of the tax filing system, emphasizing the need for free filing services. Following a 2019 ProPublica investigation revealing that tax companies like Intuit and H&R Block misled taxpayers about free filing options, Warren has called for refunds for affected individuals. She has repeatedly questioned these companies about their lobbying efforts and data collection practices. Warren's introduction of the Direct File Act aims to reinstate a popular IRS free tax filing service, highlighting the significant lobbying expenditures by these companies to hinder IRS modernization.
Read at Fortune
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