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Donald Trump: “Businesses can deduct 100% of the cost of new facilities…”

Featuring: Donald Trump, Republican | President of the United States | National

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President Trump Participates in a Small Business Summit

Published | Video Starts at 07:41

We provided 100% expensing and bonus depreciation, which is tremendous. One of the biggest things that you have, I mean it's, people have no idea how big that is. Businesses do. So that Businesses can deduct 100% of the cost of new facilities, equipment and capital investment in the first year. It used to take 38 years of deduction. Now you get it done in one. You can take one so you can expand. I think that's what made us so successful in the first term. (07:41–07:49)

CLAIM

Asserts that businesses can deduct 100% of certain costs in the first year.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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