Obama: We Need To Simplify 'Monstrous' Tax Code

President Obama is using Tax Day to extol his ideas for tax reform and praise his tax policies. It's also the day when hundreds of "Tea Party" protests are scheduled around the country, opposing not only Obama's tax policies but the way the administration is spending money.

"Finally, we need to simplify a monstrous tax code that is far too complicated for most Americans to understand, but just complicated enough for the insiders who know how to work the system," Obama is saying. (A number of Obama's Cabinet nominees would no doubt agree.)

"I’ve started by asking Paul Volcker and my Economic Recovery Board to do a thorough review of how to simplify our tax code, and to report back to me by the end of this year," Obama is saying, according to prepared remarks.

Obama is saying that Americans "need a government that is working to create jobs and opportunity for them, rather than simply giving more and more to those at the very top in the false hope that wealth will trickle down."

Here's a link to the White House Web site detailing Obama's tax plans.

Check back for updates.

UPDATE: No need to check back for updates -- the president didn't take questions.

-- Frank Ahrens
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