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Donald Trump: “You can take that interest deduction and what you can take…”

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

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President Trump signs bill to end the government shutdown

Published | Video Starts at 07:31

One other thing, you know, you hear about rich people with deductions. Well, when you buy your car and you borrow money, you're allowed to now deduct the interest on that loan. So You can take that interest deduction and what you can take is that interest payment and deduct it for income tax purposes. That's a tremendous tax cut right there. But it all includes fixing the healthcare system that Democrats broke with the disaster known as Obamacare. Obamacare was a disaster from day one. (07:31–07:41)

CLAIM

Asserts that interest payments on car loans can be deducted for income tax purposes.

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.


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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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