President Bush had plenty to say about tax policy last night in his final State of the Union address. He even injected this dose of tax humor into the speech:
Some in Washington argue that letting tax relief expire is not a tax increase. Try explaining that to 116 million American taxpayers who would see their taxes rise by an average of $1,800.
Others have said they would personally be happy to pay higher taxes. I welcome their enthusiasm. I’m pleased to report that the IRS accepts both checks and money orders.