I know these guys have great faith in the marketplace, but isn't this a bit much?
Update: On closer reading of the article, it seems that Uncle Sam won't get a dime from the sale of tax returns, but rather the people who prepare taxes will be able to cash in. So, no debt relief for you. Sorry.
At least Barack Obama is saying something about it.
Criticism also came from U.S. Sen. Barack Obama (D., Ill.). In a letter last Tuesday to IRS Commissioner Mark Everson, Obama warned that once in the hands of third parties, tax information could be resold and handled under even looser rules than the IRS sets, increasing consumers' vulnerability to identity theft and other risks.How's this for a winning campaign issue: The party who is against identity theft.
"There is no more sensitive information than a taxpayer's return, and the IRS's proposal to allow these returns to be sold to third-party marketers and database brokers is deeply troubling," Obama wrote.