Donald J. Trump

And I think the most important thing in the whole tax cut, in terms of pure economics, and I think one of the reasons that my first, you know, we had the most successful economy in history during my first term, and I think this is gonna blow it away, so far it is, and I think this is gonna blow it away,

But the reason we had was they had expensing at 100%.

And what we did is we included 100% in this bill, expensing for all capital expenditures, including investments in factories and equipment and structure.

Structure wasn't included last time, so even structure,

And you're able to write it all off immediately.

That's the biggest thing.

Not 38 years, not 42 years.

You're able to write it all off immediately.

And this time, we've made it for 10 years, not for one year.

We've made it for 10 years, so you have a much longer...

period, but I'd say get out and take advantage of it.

I think that's one of the reasons that we had such an incredible success with the first tax cuts.

And one of the things that this bill does is it extends the first tax cuts and makes them permanent.

And in addition to that, we were granted other taxes like

No tax on tips, no tax on social security, no tax on overtime, a lot of great things.

One of the things that I mentioned, not so pertinent here, but if you're in the automobile business, it's pertinent.

I said, why is it that people like us always are looking for expenses and deductions

And people that buy automobiles that really have to go out and borrow money to buy a car, why aren't they allowed to deduct the interest on their loan to buy a car from their income tax?

And we got it approved.

We got it approved.