H&R Block CEO Bill Cobb said Tuesday that he likes President Donald Trump’s tax reform plans and the Republicans’ tax-credit-driven replacement for the Affordable Care Act.
Trump has proposed lowering corporate and individual tax rates. And the American Health Care Act released Monday to replace the law sometimes known as “Obamacare” involves new tax credits to help pay for health care as well as other changes to tax returns.
“People are going to be confused. I think they’re going to turn to us for help,” Cobb said during a session with investment analysts after the company reported its most recent financial results. “I’m puzzled why people think this is a negative for us.”
Trump had said less than three weeks ago that H&R Block “probably won’t be too happy” with his plans for simpler taxes.
Cobb also focused on the benefit of a lower corporate tax rate for H&R Block, which he said generally pays about a 35 percent tax rate.
Read more: Kansas City Star