Erick Erickson of RedState put together this list of tax-related phrases from last night’s State of the Union address:
TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Increases
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“I have proposed a fee on the biggest banks.”
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“finally slash the tax breaks for companies that ship our jobs overseas”
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“But at a time of record deficits, we will not continue tax cuts for oil companies, investment fund managers, and those making over $250,000 a year.”
Tax Cuts With Strings – Targeted, Not broad-based cuts:
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“new small business tax credit”
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“eliminate all capital gains taxes on small business investment”
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“provide a tax incentive for all businesses, large and small, to invest in new plants and equipment”
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“give rebates to Americans who make their homes more energy efficient”
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“give those tax breaks to companies that create jobs in the United States of America”
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“That’s why we’re nearly doubling the child care tax credit”
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“expanding the tax credit for those who start a nest egg”
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“give families a $10,000 tax credit for four years of college and increase Pell Grants”
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“we will extend our middle-class tax cuts”
