(CNSNews.com) – Tuesday is the last day that taxpayers will have to worry about filling out long, complicated tax returns, because the new tax filing system kicks in next year, which calls for using a simplified one-page form, President Donald Trump said at a roundtable discussion on tax cuts in Hialeah, Fla.
Tax preparers won’t be happy with the new system, the president said.
“Tomorrow’s tax day,” Trump said, adding “Remember this. This is the last time you’re going to fill out that long, complicated, horrible tax return. I would say that some of these tax, some of these companies that do all that work and getting a lot of money for doing your tax returns, they’re not going to be too happy with us, but that’s about the only business that won’t be.
“So tomorrow last day, very importantly, next year, it’s going to be a simple, for the most part one page. It may get a little bit bigger, but it’ll be a simple and easy to do and very importantly, you’re going to have a lot of money left over from what you have,” he said.
Trump noted that not one Democrat voted for the tax cut plan said if the Democrats are voted in, they’ll raise taxes.
“And we didn’t get one Democrat to vote for it, and Senator Nelson was hostile to it, and let me tell you, if for any reason they get in – meaning the Democrats – they’re going to raise your taxes way up high. They’re going to terminate this out. Of course I’ll veto it. That’s alright, but eventually they want to terminate, and they want to raise your taxes, and we cannot let that happen, because this country is starting to rock with our businesses coming back in. It’s starting to really rock,” he said.
The president also cheered the elimination of the individual mandate for Obamacare, saying people will soon be able to sign up for association health care plans.
“The individual mandate is gone. That’s on Obamacare, which is about the end of Obamacare, so we had Obamacare beat, then one senator decided to go thumbs down,” he said, referring to Sen. John McCain (R-Ariz.).
“[HHS Secretary] Alex Acosta has come up -- and this is a plan that a lot of people have wanted for a long time – associations – and we’re gonna have tremendous sign-ups, and Alex, tell me if you could, when is that going to be ready where people can actually start signing and doing it in groups and through cooperatives, et cetera?” Trump asked.
Acosta said HHS hopes to have it available “by this summer.”
“It’s gonna be incredible. You’re gonna get tremendous insurance at a very low cost,” Trump said, adding that “the individual mandate is dead.”