Turbo Tax Parent Company Is Weaponizing RACE To Kill Free Tax Service
September 29, 2023
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14:05Now PlayingTurbo Tax Parent Company Is Weaponizing RACE To Kill Free Tax Service
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as posted by the channelIntuit, the maker of TurboTax, is stretching pretty far to make the argument that Black Americans would be harmed by an IRS-provided Free Tax Filing program. Ana Kasparian and Ramesh Srinivasan discuss on The Young Turks.
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"For the past quarter century, Intuit, the maker of TurboTax, has worked to thwart one clear threat to its profits: a free, publicly funded tool to file taxes online. The company’s success at preventing that threat was near total — until earlier this year, when the IRS announced a plan to test such an approach. Advocates cheered, seeing it as a first step to a system where Americans, particularly low-income taxpayers, could easily avoid paying big fees for tax preparation.
It’s a new chapter in the long-running conflict over free tax filing, but Intuit has fallen back on some tried-and-true tactics, ones previously documented by ProPublica. In Washington, D.C., the company has deployed 63 lobbyists this year, according to OpenSecrets, to stalk the halls of government. Meanwhile, op-eds and stories that parrot Intuit’s talking points have appeared in at least 20 newspapers and other publications across the country."
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