Today, I am also announcing that as part of our tax cuts, we will make interest on car loans fully deductible. That's going to revolutionize your industry. This will stimulate massive domestic auto production and make car ownership [00:00:19] dramatically more affordable for millions and millions of working American families. This is a phenomenal thing. During a campaign stop in Michigan Detroit, to be specific, Donald Trump decided to propose a specific [00:00:35] economic proposal directed at consumers who are purchasing vehicles. Now, as we know, car prices have gone up significantly. The car industry was impacted by inflation and we have high interest rates, meaning that taking out loans in order to finance a car is far more expensive today [00:00:54] compared to just a few years ago. And so as a result, Donald Trump is proposing that car loan interests be deductible for Americans, Which I think is actually a really good policy. And if you think that this is novel, it's not. [00:01:10] The United States actually had this tax break and decided to end it in 1986, in order to simplify our tax code. But notice how they got rid of a deduction that ordinary Americans would benefit from to simplify their tax code. [00:01:25] Now, he said that it will make car ownership dramatically more affordable for millions and millions of working American families. And there is some truth to that, especially when it comes to Americans who were unfortunate enough to take out a car loan that was subprime. That was something that's been going on in the car industry. [00:01:43] And so when interest rates shoot up, the interest rate for that car loan also shoots up, which is why there's been a prevalence of Americans unable to make their car payments. But I am curious what you think about this, Jake. Yeah. So first of all, I don't believe him at all. [00:01:58] He's not going to do any of these tax breaks except the corporate one. He's going to definitely do that one because that's what he did last time. He didn't give you guys a single thing when he was in office last time. But he gave corporations the biggest tax cut in United States history. So it's total BS. Don't believe him for a second. Having said that, it's obviously smart politics. [00:02:16] It's old school politics. The type of politics that both corporate Democrats and Republicans forgot about. So it's a politician going, yeah, pot chicken in every pot right there. Oprah and Tyra. You get a tax cut, you get a tax cut. Tip workers. You get a tax cut. [00:02:33] You got an auto loan. What we all do. You get a tax cut right. And appeals to the average guy. It doesn't matter if it's true or not true. You just say it so that you get all those voters. Wow, that's so complicated. Meanwhile, Kamala Harris is assuring business interests that she [00:02:50] won't harm their interests at all. Yeah, there's seven of them. Yeah, I know they're super rich and they. But they already gave you $1 billion. You don't need their money anymore. There's only 25 days left. So turn around and promise things to the average American. And the reason that establishment Democrats and Republicans [00:03:05] are not used to doing that. And they they don't understand, like basic elementary politics is because they're in rooms with donors 24 over seven. And so they think the whole world is filled with super rich people who love corporate giveaways, hate anything that helps the average [00:03:24] American so they can't see straight. So this is obviously correct political strategy by Trump. Yeah. And you know, a few weeks ago, or maybe it was last week, I was doing a story about Kamala Harris's pivot in her campaigning to attract business interests and also disaffected Republicans. [00:03:41] And I said, you know, one of the things that she needs to do more is specific policies to improve Americans lives. And people get really upset when you say that because they think, well, Trump never says anything specific or substantive. [00:03:57] There's no policy discussion with Trump. But, guys, you have to put your disdain for Trump aside and actually listen to what he says during these rallies. He does make specific proposals. Whether or not you believe he's actually going to pursue those proposals is another thing. But no tax on tips. [00:04:12] It's a simple, easy to understand policy that he just put out there. No tax on overtime. Again, another policy that would positively impact working class people. Now you have tax deduction on your auto loan interest a specific policy. [00:04:30] He's not he's not putting out these nebulous like, you know, statements. He is being very specific. And he is specifically saying things that would attract working class voters. Okay, I need Democratic voters and viewers to understand there's something there's [00:04:48] different between analysis and perspective and opinion analysis. This is what I think is going to happen, whether I like it or not. And then here's what I want to happen. This is the opinion that I have. Right. So our analysis is that this is good politics on Trump's part. [00:05:04] It doesn't mean that we believe him. It doesn't mean that we like him or that we want him to win. That is such an easy, easy concept. But unfortunately, because mainstream media has programed people, if you like someone, you always say nice things about them. It doesn't matter if it's true. [00:05:19] If you're voting against the other person, you have to say everything is terrible about him and no matter what, so that people are used to like, wait, oh, so you said something positive about Trump that he's using good political strategy. That must mean you love Donald Trump. No, no. If you want to beat him, you have to understand what makes him tick [00:05:37] and what works and what doesn't work. I have to explain these super simple concepts because of the mass brainwashing mainstream media has done to keep us separated and in our different groups here. I got to say though, the no tax on tips and no tax on overtime. [00:05:54] I'm super skeptical that he'll actually pursue that with this. I think that there would be a possibility he would. And this is the reason why this is something that wouldn't just benefit the consumers, that would need to take out auto loans in order to buy a car. It would also benefit the auto industry, because it would make financing a vehicle [00:06:12] a lot more affordable for ordinary Americans. So if it stimulates the auto industry, that could be something that, you know, motivates politics. And I just realized why this tax break rather than other tax breaks. Yeah, because he's handing them out like candy. [00:06:27] All these promises. And while you're right that it might happen, who's a giant automaker? Tesla, who is now the largest donor to Donald Trump. Elon Musk. Exactly. So she's right. This one might happen not because it benefits you, [00:06:44] but because it benefits his biggest donor. Exactly. Yeah. And so okay, this America is in such bad shape, man. Everything is geared around the donors, whether they're Republicans or Democrats. Keep it real if you think that they're trying to help you. [00:07:00] Oh, my God, you're so naive. It's so sad to see. I it breaks my heart. Please hold these people accountable on both sides. Now look, I don't again I don't want Donald Trump winning. I think he's deranged. He now he's talking about arresting people at CBS because he didn't like the way [00:07:17] they edited an interview. And he's for freedom and freedom of speech. No, I don't want that guy in charge. But and he does projection. So remember when they were like, oh yeah, the Democrats, they just want to give everything away, right? Like Obama phones. [00:07:32] Oh, they're going to give phones to all black people because of Obama, right. And what are they doing right before the election? You get a tax break, you get a tax break, basically, Brian, I mean, Elon Musk is talking about giving you $47 for every for a single person that you register. They're flooding it with money and with goodies. [00:07:50] I don't they're not going to do the overwhelming majority, but you must counteract them. If you don't, then come in as more populist, you're going to lose. So you what is populist means mean? It doesn't mean something evil. [00:08:07] It doesn't mean good intent or bad intent. It means things that appeal to the average person. God. They've lost track of the most elementary politics. They're so blinded by their love of donors that they can't see straight. [00:08:25] Thanks for watching. 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