"Obama, 46, is the first Democratic candidate to propose a
comprehensive strategy for overhauling the tax code. In the speech to
the Tax Policy Center today, he portrayed the current system as overly
complex and skewed toward helping the wealthy at the expense of the
middle class. "
"The plan would also simplify tax filing for many Americans by having
the Internal Revenue Service provide pre-filled tax forms using
financial data it receives from employers and banks. The service would
be available to filers without complex taxes, or those with only wage
and bank-interest income."
"Obama has also proposed repealing President George W. Bush's income
tax breaks for households earning more than $250,000 a year to pay for
a plan to offer health insurance to more Americans. "