We passed the largest tax cuts in American history, including no tax on tips, no tax on overtime, no tax on Social Security. For our great seniors, We provided 100% expensing and bonus depreciation so that anyone who wants to build a factory can deduct the entire cost of equipment and the entire factory in the first year. That used to take 38 years to do it. Taking little drips. Little drips. Now it's done. (44:28–44:40)
CLAIM
Asserts that the Trump administration allowed 100% expensing and bonus depreciation for factory builders.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
