Intuit, H&R Block shrug off tax simplification concerns

|About: H&R Block Inc. (HRB)|By:, SA News Editor

The two stocks had rough sessions yesterday after the Trump administration promised enormous tax simplification - thus theoretically dousing the need for folks to pay others for tax prep.

Investors are re-thinking that knee-jerk move today. "Taxes on a postcard" has been a think-tank dream for at least a couple of decades. The size and power of the lobby against that idea is as big as it gets.

Intuit (INTU +6.8%), H&R Block (HRB +1.3%)