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Donald Trump: “You're allowed to deduct if you buy a car and you take out a…”

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

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Trump addresses House Republicans at the Trump-Kennedy Center

Published | Video Starts at 1:17:07

No tax on tips. No tax on Social Security. No tax on overtime. Now think of this. No tax on tips. No tax for seniors on Social Security. No tax on overtime. You're allowed to deduct if you buy a car and you take out a loan on the car for the first time ever. middle income people, all people could deduct. But they never got a deduction before like this. They never. It's only for rich people. They got them. They have so many deductions. (1:17:07–1:17:15)

CLAIM

Asserts that people can deduct car loan interest from taxes for the first time.

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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About PolitiQuote

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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