Former President Trump proposes making car loan interest tax-deductible for working-class families.

Former President Donald Trump plans to propose making car loan interest fully tax-deductible, aiming to enhance affordability for working-class families. This initiative is part of his broader tax cut strategy as he campaigns against Vice President Kamala Harris. Trump also intends to reduce the tax rate for U.S. manufacturers to 15% and ban Chinese-made autonomous vehicles from U.S. roads, though any changes would require congressional approval.

October 10, 2024
94 Articles