We expanded the child tax credit even further and indexed it to inflation so that its value will never go down. We also further increased the standard deduction, exempting additional money from Americans taxable income. And We added a new $6,000 bonus deduction for seniors. allowing Americans on Social Security to keep more of their money. And that's still not all, Mr. President. We eliminated taxes on tips for millions of tip workers, Uber and Lyft drivers, hairstylists, delivery drivers, servers at restaurants. (01:43–01:48)
CLAIM
Asserts that a $6,000 bonus deduction for seniors was added.
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.