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Former President Trump laid out his pitch to strengthen the auto industry in an economic address in Detroit on Thursday, proposing to make interest on car loans fully tax deductible, pledging to renegotiate trade deals and vowing to use tariffs to target foreign auto imports.



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Trump promises new tax relief for car loan interest and citizens living abroad

Vowing to introduce a reciprocal tax if elected to power, former US president Donald Trump on Thursday alleged that India, among all major countries, imposes the highest tariffs on foreign products. “Perhaps the most important element of my plan to make America extraordinarily wealthy again is reciprocity. It's a word that's very important in my plan because we generally don't charge tariffs. I started that process, it was so great, with the van…

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"India Biggest Tariff Charger", Will Reciprocate If Elected To Power: Trump

By Tami Luhby, CNN (CNN) — 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. Speaking before the Detroit Economic Club on Thursday, Trump promised to make the interest paid on car loans fully tax deductible, similar to the popular existing deduction for mortgage interest. Michigan, home to many automakers, is a key swing state.…

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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.

Trump promises to make car loan interest deductible, end double tax on foreign income

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Donald Trump supported making interest on car loans fully tax deductible, the latest tax-cut promise the GOP nominee has made before Election Day.

CNBC

Roberts family

Trump proposes new tax break on car loan interest

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.

Trump tells Detroit he’ll make car loan interest tax-deductible

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Trump focuses on economy, tariffs on Chinese cars and corporate tax cuts in Detroit Economic Club speech. Promises to revive U.S. auto industry.

Benzinga

Donald Trump Pushes Tariffs On Chinese Cars In Detroit Visit, Vows To Revamp Industry

Former President Donald Trump announced Thursday that he intends to make interest paid on car loans fully deductible, yet another tax proposal released less than a month before the election aimed at winning over swing voters. Notably, Trump announced the move during a speech in Michigan, where he spoke before the Detroit Economic Club. Michigan is the United States’s auto manufacturing hub. The rollout was similar to how he announced his plan to…

Washington Examiner

Philip Anschutz

Trump announces plan to make interest on auto loans fully deductible

DETROIT—Former President Donald Trump has announced new tax incentives aimed at revitalizing auto manufacturing, including new credits for research and development, expanded claims of equipment costs for small businesses, and consumer tax deductions for car loan interest, as a presidential campaign promise.
The incentives are in addition to Trump’s previous promises to manufacturers, which include a lower corporate tax rate for U.S.-based manufa…

The Epoch Times

Epoch Media Group

Trump Promises Tax Deduction for Car Loan Interest, Incentives for Auto Industry

Trump’s proposal aligns with his broader tax reform agenda

The Daily Caller

Tucker Carlson

Neil Patel

Trump Vows To Make Interest On Car Loans Tax Deductible During Speech In Blue Wall State

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Trump tells Detroit he’ll make car loan interest tax-deductible

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