


Trump's Government Efficiency Plan Causes Stock Decline for Tax Software Giants
H&R Block and Intuit stocks fall as Trump’s advisory commission explores a free tax-filing app.
Subscribe to unlock this story
We really don't like cutting you off, but you've reached your monthly limit. At just $5/month, subscriptions are how we keep this project going. Start your free 7-day trial today!
Get StartedHave an account? Sign in
Overview
H&R Block and Intuit experienced significant stock declines following reports of Trump’s non-governmental Department of Government Efficiency considering a free tax-filing app. This initiative, led by Elon Musk and Vivek Ramaswamy, aims to streamline tax filing and cut government waste. The app could directly compete with existing tax services from H&R Block and Intuit, both of which have faced criticism regarding their free filing options. Additionally, the DOGE initiative comes after recent IRS pilot programs to facilitate direct filing for qualified taxpayers.
Report issue

Read both sides in 5 minutes each day
Analysis
Analysis unavailable for this viewpoint.
Articles (5)
Center (4)
History
- This story does not have any previous versions.