The second thing is he brought about a whole set of new tax cuts for all of you. In California, He lifted the Salt deduction from 10,000 to 40,000. No tax on tips. Big campaign pledge. No tax on overtime, bonus depreciation, auto loan, interest deduction. The only thing that got taken away was tax credits on EV and wind and solar's being phased out over the next couple years. (19:03–19:08)
CLAIM
Asserts that the Salt deduction was increased from $10,000 to $40,000.
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.
