President Donald Trump doubled down on his proposal to make loan payments tax deductible for American-made cars. The post Trump Proposes Making Loan Payments Tax Deductible for American-Made Cars appeared first on Breitbart.
President Donald Trump proposed making interest payments on car loans tax deductible exclusively for American-made vehicles during his joint address to Congress. This initiative, first introduced in October, is part of a broader tax plan aiming to cut taxes on tips, overtime, and Social Security benefits. Trump emphasized cutting taxes on U.S. production and manufacturing, effective retroactively from January 2025, and proposed tariffs on non-U.S. manufacturers.
