Tax Proposals in the State of the Union

Erick Erickson of RedState put together this list of tax-related phrases from last night’s State of the Union address:

Tax Increases

• “I have proposed a fee on the biggest banks.”

• “finally slash the tax breaks for companies that ship our jobs overseas”

• “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:

• “new small business tax credit”

• “eliminate all capital gains taxes on small business investment”

• “provide a tax incentive for all businesses, large and small, to invest in new plants and equipment”

• “give rebates to Americans who make their homes more energy efficient”

• “give those tax breaks to companies that create jobs in the United States of America”

• “That’s why we’re nearly doubling the child care tax credit”

• “expanding the tax credit for those who start a nest egg”

• “give families a $10,000 tax credit for four years of college and increase Pell Grants”

• “we will extend our middle-class tax cuts”