Today, I am also announcing that as part of our TAX CUTS, we will make interest on car loans FULLY DEDUCTIBLE…
Video transcript
Today I am also announcing that as part of our tax cuts, we will make interest on car loans fully deductible. So a man who's, a lot of you people are in the car industry, actually I made a lot of them backstage. What do you do? I'm in the car industry. But a lot of them, and I told him about a very knowledgeable person. He said, here's a guy, he's done it all his life, he's sitting right over there, I don't want to embarrass him. But he said, where did you come up with that idea? That's the coolest thing. It's like the paperclip again, right? It's like the paperclip. Somebody comes up with the paperclip and everybody says, why the hell didn't I think of that? Somebody came up with the paperclip, I guess made a lot of money, and other people said, why? But he said, I've been in the car industry all my life, I've never thought about that. So we're going to make it fully deductible, the interest payments, that's going to revolutionize your industry. This will stimulate massive domestic auto production, and make car ownership dramatically more affordable for millions and millions of working American families. This is a phenomenal thing. If I do say so myself. Who likes that idea? Isn't that great?
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