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Edwards Pushes Tax Simplification Plan; Tax Preparation Industry Ready For Battle

Publication Date: 
July 31, 2007
Source: 
The Hill
Author: 
Jonathan E. Kaplan

The Hill quotes Professor Joseph Bankman in this article about democratic presidential candidate John Edward's proposal to simplify taxes:

Stanford Law professor Joel [sic] Bankman, a longtime advocate of the idea, and an economist at the Brookings Institution, Bill Gale, advised Edwards on developing the idea.

Bankman said Edwards’s plan and California’s ReadyReturn program empower taxpayers because the government is forced to share data it already has. The taxpayer is under no obligation to use the data and can fix a discrepancy before it leads to bigger problems.

The tax software industry would rather leave the average taxpayer “confused and unhappy,” Bankman said.