The former president, who is vying for another term in office against Vice President Kamala Harris, announced the move would “revolutionize” the auto industry.
Former President Donald Trump unveiled yet another set of targeted tax break proposals on Thursday, doling out more promises of relief as Election Day draws ever closer.
Former President Trump laid out his pitch to strengthen the auto industry in an economic address in Detroit, proposing to make interest on car loans fully tax deductible.
Former President Donald Trump promised Thursday he would make interest incurred on car loans fully tax deductible during his second term and would end double taxation for Americans living abroad -- plans critics warn would raise prices and blow a gaping hole in the federal budget deficit.
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Trump pitches tax write-off for auto loans in Detroit speech | Since Then