Over a million people bought a new American made car and were able to deduct an average $1,800 in auto loan interest on that new vehicle. More than 25 million American workers were able to deduct overtime pay from their taxes and realized thousands of dollars in tax savings. And over 6 million workers deducted income from tips this tax year. With all that, Mr. President, a lot more Americans were looking at a bigger refund when they finished their tax returns. (02:19–02:29)
CLAIM
Asserts that over 25 million workers deducted overtime pay, resulting in significant tax savings.
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.