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Donald Trump: “We made interest on car loans fully tax deductible, so that…”

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

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President Trump Participates in The Forum Club of the Palm Beaches Dinner

Published | Video Starts at 1:11:04

We don't have any death tax or inheritance tax anymore for the small farms and small businesses. So when you leave your business to your kid, you don't have that. And We made interest on car loans fully tax deductible, so that if you borrow money, if you buy an American car only you have to buy an American made car, but you can borrow money from the bank. Your interest is deductible for income tax purposes. And that's a big deal that we've never seen. You know, middle income people have never been big on deductions. (1:11:04–1:11:17)

CLAIM

Asserts that interest on car loans for American-made cars is fully tax deductible.

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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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