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Virginia Foxx: “We permanently allowed businesses to immediately deduct…”

Featuring: Virginia Foxx, Republican | U.S. House North Carolina, District 5

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BREAKING NEWS: Virginia Foxx Spars With Dems Amid Debate Over House Resolution Condemning Socialism

Published | Video Starts at 30:47

We permanently increased the child tax credit to $2,200. We eliminated the tax on overtime. We eliminated the tax on tips. We created Trump accounts to help children begin saving for their future. We permanently allowed businesses to immediately deduct domestic R and D expenses. We permanently doubled the tax death tax exemption. We permanently increased the standard deduction. We ended taxation of suppressors short barrel rifles and short barrel tax guns. We shotguns. (30:47–30:54)

CLAIM

Asserts that businesses were permanently allowed to immediately deduct domestic R&D expenses.

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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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