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    Fighting housing shortage: Airbnb & Co should share more data with authorities to prevent fraud 

    Fighting housing shortage: Airbnb & Co should share more data with authorities to prevent fraud 

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    Los Angeles implemented a new tax on luxurious real estate to finance affordable housing and combat homelessness

    Los Angeles implemented a new tax on luxurious real estate to finance affordable housing and combat homelessness

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    Working shorter hours: 38 companies in the USA are testing the 4-day week

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      The Ultimate Watch Buying Guide

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      Outdoor Enthusiasts, Take Note: These Watches Are as Tough as You

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        Unusual Products That Come From Animals and Their Uses

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          The Shrinking Number of Primary Care Physicians Is Reaching a Tipping Point

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          Activist Misuses Federal Data to Make False Claim That Covid Vaccines Killed 676,000

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          Illustrated Report: How Gun Violence Goes Viral

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          A New Medicare Proposal Would Cover Training for Family Caregivers

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          New Alzheimer’s Drug Raises Hopes — Along With Questions

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            Huge Money Mistakes New Parents Fall For

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              Primaries underway for America’s third-largest party with grassroots and self-funded candidates

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              Carbon capture draws millions in lobbying, billions in federal subsidies

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              United leads soaring airline industry lobbying spending

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              Deep-pocketed dairy industry continues war on plant-based milk as FDA hears comments on new draft guidance

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              Shein’s lobbying spending soars amid supply chain probes

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              Virginia legislative candidates in Richmond and Hampton Roads raked in millions in final primary sprint

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              Manchin outraises GOP challengers but has yet to announce 2024 plans

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              Gallego outraises Sinema but falls far short of incumbent’s war chest in Arizona Senate race

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              Elon Musk outmuscled by Mark Zuckerberg’s money in politics

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                  Mistakes To Avoid When Starting Your Online Store

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                  Fighting housing shortage: Airbnb & Co should share more data with authorities to prevent fraud 

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                  How To Transition to Mass-Producing Your Product

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                  How To Choose the Right Outdoor Lighting for Your Business

                  Tips for Designing an Industrial-Style Restaurant

                  Tips for Designing an Industrial-Style Restaurant

                  Los Angeles implemented a new tax on luxurious real estate to finance affordable housing and combat homelessness

                  Los Angeles implemented a new tax on luxurious real estate to finance affordable housing and combat homelessness

                  Working shorter hours: 38 companies in the USA are testing the 4-day week

                  Working shorter hours: 38 companies in the USA are testing the 4-day week

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                    Signs That Your Tuxedo Doesn’t Fit Right

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                    Make a Bold Style Statement With These Wide-Leg Pants

                    Make a Bold Style Statement With These Wide-Leg Pants

                    Power Your Winter Workouts With The Best Zip Hoodies for Men

                    Power Your Winter Workouts With The Best Zip Hoodies for Men

                    The Ultimate Watch Buying Guide

                    The Ultimate Watch Buying Guide

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                    Outdoor Enthusiasts, Take Note: These Watches Are as Tough as You

                    Our 7 Favorite Field Jackets for Tackling Fall Weather

                    Our 7 Favorite Field Jackets for Tackling Fall Weather

                    The Best Leather Jackets for Guys – No Matter Your Budget

                    The Best Leather Jackets for Guys – No Matter Your Budget

                    Campus-Ready Backpacks for Storing *All* the Books

                    Campus-Ready Backpacks for Storing *All* the Books

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                      Energizing Foods and Drinks To Consume Before a Workout

                      Energizing Foods and Drinks To Consume Before a Workout

                      Classic Beer Styles You Should Know How to Brew

                      Classic Beer Styles You Should Know How to Brew

                      The Best Flour Alternatives That Work in Any Recipe

                      The Best Flour Alternatives That Work in Any Recipe

                      Cheese Tortellini in Creamy Marinara

                      Cheese Tortellini in Creamy Marinara

                      Unusual Products That Come From Animals and Their Uses

                      Unusual Products That Come From Animals and Their Uses

                      Tips for Creating a Homemade Wine Cellar

                      Tips for Creating a Homemade Wine Cellar

                      How the wine you choose can help you have an eco-friendly home

                      How the Wine You Choose Can Help You have an Eco-Friendly Home

                      Rum and Cola Holiday Ham

                      Special Centerpieces for Holiday Celebrations

                      ChefsGiving 2020

                      This Holiday Season, How about Cooking for a Cause?

                      Trending Tags

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                        As Younger Children Increasingly Die by Suicide, Better Tracking and Prevention Is Sought

                        Florida Gov. Ron DeSantis Injects Presidential Politics Into the Covid Vaccine Debate

                        Florida Gov. Ron DeSantis Injects Presidential Politics Into the Covid Vaccine Debate

                        Tips for Fitting a Doctor’s Visit Into Your Busy Schedule

                        Tips for Fitting a Doctor’s Visit Into Your Busy Schedule

                        The Shrinking Number of Primary Care Physicians Is Reaching a Tipping Point

                        The Shrinking Number of Primary Care Physicians Is Reaching a Tipping Point

                        Activist Misuses Federal Data to Make False Claim That Covid Vaccines Killed 676,000

                        Activist Misuses Federal Data to Make False Claim That Covid Vaccines Killed 676,000

                        Illustrated Report: How Gun Violence Goes Viral

                        Illustrated Report: How Gun Violence Goes Viral

                        A New Medicare Proposal Would Cover Training for Family Caregivers

                        A New Medicare Proposal Would Cover Training for Family Caregivers

                        New Alzheimer’s Drug Raises Hopes — Along With Questions

                        New Alzheimer’s Drug Raises Hopes — Along With Questions

                        Blood Test That Screens for Cancer Raises Hopes, and Worries

                        Blood Test That Screens for Cancer Raises Hopes, and Worries

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                          Common Dog Owner Mistakes and How To Avoid Them

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                          3 Reasons To Give an Antique or Vintage Engagement Ring

                          Tim Ferris

                          Tim Ferriss’ Lifestyle Design: Unleashing Human Potential and Redefining Success

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                          Outdoor Luxuries To Add to Your Backyard

                          Strategy and business planning ideas. Chess gold on the board.

                          Why the Friend of My Enemy is My Enemy

                          Huge Money Mistakes New Parents Fall For

                          Huge Money Mistakes New Parents Fall For

                          Energizing Foods and Drinks To Consume Before a Workout

                          Energizing Foods and Drinks To Consume Before a Workout

                          Hobbies That Stimulate Cognitive Function

                          Hobbies That Stimulate Cognitive Function

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                          How To Prevent Mold from Growing in a Sauna

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                          • Politics
                            Primaries underway for America’s third-largest party with grassroots and self-funded candidates

                            Primaries underway for America’s third-largest party with grassroots and self-funded candidates

                            Carbon capture draws millions in lobbying, billions in federal subsidies

                            Carbon capture draws millions in lobbying, billions in federal subsidies

                            United leads soaring airline industry lobbying spending

                            United leads soaring airline industry lobbying spending

                            Deep-pocketed dairy industry continues war on plant-based milk as FDA hears comments on new draft guidance

                            Deep-pocketed dairy industry continues war on plant-based milk as FDA hears comments on new draft guidance

                            Shein’s lobbying spending soars amid supply chain probes

                            Shein’s lobbying spending soars amid supply chain probes

                            Virginia legislative candidates in Richmond and Hampton Roads raked in millions in final primary sprint

                            Virginia legislative candidates in Richmond and Hampton Roads raked in millions in final primary sprint

                            Manchin outraises GOP challengers but has yet to announce 2024 plans

                            Manchin outraises GOP challengers but has yet to announce 2024 plans

                            Gallego outraises Sinema but falls far short of incumbent’s war chest in Arizona Senate race

                            Gallego outraises Sinema but falls far short of incumbent’s war chest in Arizona Senate race

                            Elon Musk outmuscled by Mark Zuckerberg’s money in politics

                            Elon Musk outmuscled by Mark Zuckerberg’s money in politics

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                              Ways To Invest in Real Estate With No Experience

                              Ways To Invest in Real Estate With No Experience

                              How To Make Your Rental Property More Eco-Friendly

                              How To Make Your Rental Property More Eco-Friendly

                              Things To Consider Before Investing in Real Estate Overseas

                              Things To Consider Before Investing in Real Estate Overseas

                              Incredible Areas in Florida To Buy a Vacation Home

                              Incredible Areas in Florida To Buy a Vacation Home

                              Helpful Home Staging Tips for Virtual Tours

                              Helpful Home Staging Tips for Virtual Tours

                              Ways To Decorate and Design a Lake House

                              Ways To Decorate and Design a Lake House

                              Challenges To Managing a Rental Property

                              Challenges To Managing a Rental Property

                              The Best Landlord: How To Show Tenants You Care

                              The Best Landlord: How To Show Tenants You Care

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                              TurboTax parent company Intuit is pouring more money than ever into lobbying amid push for free government-run tax filing

                              by Staff Writer
                              February 21, 2023
                              in Politics
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                              TurboTax products sit on display at Costco on Jan. 28, 2016 in Foster City, Calif. (Photo by Kimberly White/Getty Images for TurboTax)

                              Intuit, the company that owns TurboTax, is spending more money than ever on federal lobbying amid heightened scrutiny of its influence operations and revolving door lobbyists. 

                              TurboTax’s parent company spent more than $3.5 million on federal lobbying in 2022, more than it spent in any previous year, according to a new OpenSecrets analysis.

                              Intuit — which also owns ​​QuickBooks, Mint, Credit Karma and Mailchimp — has spent decades lobbying against free, government-sponsored tax filing services. 

                              Despite the leading tax prep company’s lobbying efforts, the Inflation Reduction Act passed in 2022 allotted $15 million to the Treasury Department for the IRS to explore the creation of a free federal tax filing service. Intuit has continued to push against the concept, claiming it would be a waste of taxpayer money and a “conflict of interest” for the government to be “the investigator, auditor, enforcer, and now also the preparer.”

                              “Creating a government run tax preparation program would be a waste of taxpayer dollars and further disenfranchise low income taxpayers. A direct to IRS tax prep system is a multi-billion dollar solution looking for a problem,” Intuit said in a statement provided to Insider.

                              The tax prep company spent more than $44.8 million on federal lobbying since 1998 and its lobbying efforts have ramped up significantly in recent years. Intuit first broke $3 million in annual federal lobbying spending in 2020 with $3.4 million and spent nearly $3.3 million in 2021 before its all-time high of $3.5 million in 2022.

                              Intuit’s lobbying efforts have focused on tax policy, financial services and consumer products, among other issues that could affect its business. Intuit has also been active in pushing for financial regulations that would benefit the company. 

                              While other tax prep companies also spend on lobbying, Intuit has spent the most in recent years. 

                              In 2022, Intuit spent nearly twice as much on lobbying as its competitor, H&R Block. H&R Block was the leading tax prep lobbying spender for several years but spent just $2.6 million in 2022 after years of gradual decline from an all-time high of $4.1 million in 2018.

                              Intuit’s revolving door spins into the spotlight

                              Mounting scrutiny of TurboTax’s marketing practices and escalating tensions around government-run free filing services thrust Intuit’s history of currying influence in Washington into the spotlight in recent years.

                              In 2022, several members of Congress called for investigations into the company’s practice of hiring “revolving door” lobbyists who previously held government positions, citing reports by OpenSecrets and ProPublica.

                              After OpenSecrets’ March 2022 reporting on Intuit’s lobbying in Washington, Sen. Elizabeth Warren (D-Mass.) sent a letter to Intuit CEO Sasan K. Goodarzi accusing the company of “extensive lobbying and adroit influence peddling.”

                              On June 21, Warren joined Reps. Katie Porter (D-Calif.) and Brad Sherman (D-Calif.) to send another letter calling on federal inspector general offices to investigate Intuit’s “use of the revolving door to influence policy decisions” and the “extent to which Intuit—and other Free File Alliance members—have used the revolving door to exert undue influence on department and agency policies, particularly Free File.”

                              When asked for comment, an Intuit spokesperson directed OpenSecrets to Intuit Executive Vice President and General Counsel Kerry McLean’s May 2 letter responding to the lawmakers’ April inquiry. It emphasized that all of its revolving door hires, lobbyists or other individuals mentioned in the letter have “complied with the law and regulations as well as our own code of conduct and ethics.”

                              “Federal ethics laws impose a detailed regulatory framework that applies when individuals leave the government for private employment or join the government from the private sector. Intuit fully complies with this framework, including but not limited to 18 U.S.C. § 207,” McLean’s response said, noting that “the company also fully complies with all registration, reporting, and other requirements imposed by the Lobbying Disclosure Act of 1995, as amended, and those reports are publicly disclosed.”

                              In the June letter, lawmakers called Intuit’s response “inadequate, failing to dispel any of the concerns about its unethical behavior or to provide information on any employee that had made a trip through the revolving door, despite the extensive reporting on specific egregious cases.” Their letter highlighted “troubling reports of Intuit’s abuse of the revolving door and the company’s hiring of former federal regulators and influence-peddlers to defend its shady business practices.” 

                              The lawmakers also asked the inspectors general to “assess whether the codes of conduct and ethics policies of Intuit and other Free File Alliance members are sufficient to prevent conflicts of interest and abuse of the revolving door.”

                              Intuit is also on track to face an administrative proceeding for engaging in allegedly deceptive advertising of its TurboTax tax prep services as free filing. 

                              In a Jan. 31 order, FTC commissioners voted to deny a motion by the agency’s Bureau of Consumer Protection seeking a summary decision against Intuit, concluding a “decision on the merits would be best made after fuller factual development at trial.” 

                              “Because an assessment of the entire course of conduct presented here could affect determination of the appropriate remedy, summary decision on only some of the ads would not resolve the case,” the order reads, noting “ads vary by media and have evolved over time.”

                              source
                              Source: OpenSecrets.org

                              Tags: Politics
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