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Donald Trump: “You're allowed to deduct the interest payment from your…”

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

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Trump participates in Pennsylvania defense summit

Published | Video Starts at 34:55

And the other thing we did, which seems simple but never done before, when you buy an automobile, some people have to pay and they have to go and borrow money from a bank. You're allowed to deduct the interest payment from your income taxes, and that's a big deal, but only if the car is made in America. So that's been great. So all of these things have added up to a level that we're just. We're booming. The country is booming. And we'll have Iran defeated soon. (34:55–35:06)

CLAIM

Asserts that interest payments on American-made cars can be deducted from income taxes.

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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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