Congress Considers Free Online Tax Filing Ban

The video discusses the debate over the IRS creating a simplified online tax filing system. While some argue it would reduce costs and time for taxpayers, others, particularly Republicans, see it as government overreach. Current legislation aims to prevent the IRS from developing its own system, favoring private companies like H&R Block and TurboTax. These companies actively lobby against government-run systems to protect their business interests. The legislation has passed the House and awaits Senate approval, with a fair chance of enactment due to bipartisan compromise.

What are the implications of TurboTax and H&R Block's lobbying efforts on tax filing legislation?

What is the likelihood of the proposed tax filing changes being enacted, according to the discussion?