To dig into this, I'm joined by USA Today personal finance reporters, Medora Lee and Daniel de Visé. Thank you both so much for joining me on The Excerpt.
There were also a lot of things for businesses too. I don't want to make that sound like there wasn't, but there were some write-offs that businesses could take. Some of those have been phasing out. So those are some of the highlights.
Daniel, the president has mentioned five other tax priorities for Congress that he campaigned on last year. What are they? How will they impact Americans and what are the budget implications?
There's a proposal to not tax overtime, which okay, does that mean employers would then want people to work lots more overtime? It's kind of unclear how that would play out if that were enacted. There's a proposal to be able to deduct interest on car loans if the car is made in America. Well, that could be cool, I guess, for American automakers, but as our colleague Bailey Schulz reported, I guess there aren't very many cars that are entirely made in America. There's parts that are made all over the place, and so where do you draw the line on whether the car is made in America or not?
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