Leno: ‘IRS Has Ruled Obama Can Write Off First Half of His Second Term as a Total Loss’

June 25th, 2013 8:09 AM

Jay Leno continued his comedic attacks on the White House Monday.

The NBC Tonight Show host said during his opening monologue, “President Obama got some good news today. The IRS ruled he can write off the first half of his second term as a total loss.”

This was greeted with much cheering and applause from the studio audience.