With April 15 tea party protests breaking out across the country, President Obama on Wednesday sought to reassure Americans that he's working hard to make the tax code fairer and simpler.
Fairer by eliminating tax breaks for the wealthiest 2 percent of Americans. And simpler by directing his economic team to recommend ways to overhaul the tax code, close loopholes and recover hundreds of billions of dollars in uncollected revenues. A panel headed by former Federal Reserve Chairman Paul Volcker is due to report back by December.
"We'll make it easier, quicker and less expensive for you to file a return, so that April 15 is not a date that is approached with dread every year," Obama declared during a White House meeting with working families.
But some experts believe it will be quite difficult for Obama to make good on his promises, let alone convince Americans to feel better about filing their returns.
