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Trump: Planned Car-Loan Tax Deductions Solely for US-made Vehicles

The former president has tweaked his previous proposal, which is part of a series of planned tax breaks he has outlined.
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Trump: Planned Car-Loan Tax Deductions Solely for US-made Vehicles
Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign rally at the Greensboro Coliseum in Greensboro, N.C., on Oct. 22, 2024. Anna Moneymaker/Getty Images
Janice Hisle
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Former President Donald Trump has revised the details of his proposal to give car buyers a tax break.

Trump, speaking at an Oct. 22 campaign rally in Greensboro, N.C., said that anyone who takes out a car loan would be able to deduct those payments “fully” from federal taxes, but “only if the car is manufactured in the United States.”

Janice Hisle
Janice Hisle
Reporter
Janice Hisle mainly writes in-depth reports based on U.S. political news and cultural trends, following a two-year stint covering President Donald Trump’s 2024 reelection campaign. Before joining The Epoch Times in 2022, she worked more than two decades as a reporter for newspapers in Ohio and authored several books. She is a graduate of Kent State University's journalism program. You can reach Janice at: [email protected]
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