    [Public Papers of the Presidents of the United States: George W. Bush (2002, Book I)]
    [April 13, 2002]
    [Pages 604-605]
    [From the U.S. Government Publishing Office www.gpo.gov]

    The President's Radio Address
    April 13, 2002

        Good morning. Monday is tax day, and this year tax day will be
    different. This year your tax rates are lower, and you will keep more of
    your hard-earned money to spend or save as you see fit.
        Last year I signed a tax relief bill that will continue to reduce
    Federal taxes by more than a trillion dollars over the next 10 years.
    Relief began almost immediately. Single taxpayers received checks for up
    to $300. Single parent taxpayers received up to $500. And married
    couples received up to $600. By now, American taxpayers have already
    benefited from $57 billion in tax relief.
        Yet, when it comes to tax relief, once is not enough. So the best
    news is that tax relief is continuing this year. The child credit was
    increased to $600 and made available to lower income Americans. For a
    single mom with two kids making $18,000, this one change alone provides
    $800 in tax relief. We're beginning a new low 10-percent bracket this
    year. We're making it easier for low-income workers to take their first
    steps up the ladder of opportunity. And starting this year, you will be
    able to save more of your money, tax free, whether in an education
    savings account, an IRA, or a 401(k).
        Tax relief helps the working people of our country with more money
    to provide for their families and pay their bills. And perhaps the best
    news of all is that even more relief is on the way for many years to
    come.
        The tax bill will continue to increase the child credit up to $1,000
    per child by the year 2010. The marriage tax will be reduced. And the
    unfair death tax will be completely abolished. Millions of successful
    small businesses that pay on the personal income tax schedule will find
    their taxes are going down.
        And when the tax cut is fully phased in, 43 million married couples
    will see their taxes reduced on average by over $1,700 per year. Thirty-
    eight million families with children will receive an annual tax cut of
    almost $1,500 to help pay for education,

    [[Page 605]]

    child care, or other expenses. Eleven million single mothers will be
    able to keep an average of $770 more of their income each year to care
    for their children. Thirteen million seniors will see their taxes
    reduced on average by more than $900. And 3.9 million Americans will
    have their income tax liability completely eliminated.
        Next week, the House will take up legislation to make this tax
    relief permanent. And I urge Congress to pass this vital measure.
        Tax relief is a crucial part of my administration's overall economic
    growth agenda, to create more high-paying jobs. Like our balanced energy
    plan and our determination to knock down trade barriers, tax relief will
    help you achieve the economic security you need to realize your dreams.
        Thank you for listening.

    Note: The address was recorded at 9:55 a.m. on April 12 in the Cabinet
    Room at the White House for broadcast at 10:06 a.m. on April 13. The
    transcript was made available by the Office of the Press Secretary on
    April 12 but was embargoed for release until the broadcast. The Office
    of the Press Secretary also released a Spanish language transcript of
    this address.