This may sound strange coming from a company that specializes in navigating the complexity of taxes to make money from filing millions of returns. But H&R Block CEO Bill Cobb said Tuesday he supports discussions to make the 74,000-page tax code much less onerous.
"There are ways to simplify the tax code. For example, there are five definitions of a child. Some of this is silly," Cobb told "Squawk Box" on CNBC. "[But] I think it's silly to talk about just ripping up a 74,000-page [code]. It's too complex today to go to zero [pages]."
But Cobb said before the tax rules can be changed, "the government needs to figure out how they are going administer social programs." He explained tax credits for everything from Obamacare to the earned income tax credit go through the tax code. "It's not about rates. It's all about the refundable credits that really add to the complexity."