Trump says car loan interest deduction will only apply to US-made vehicles
GREENSBORO, N.C. – Former President Donald Trump announced Tuesday that his plan to make interest incurred on car loans fully tax deductible will only apply to vehicles manufactured in the US.
“I don’t want it to benefit other countries,” Trump said at a rally in Greensboro, N.C.
“I want it to benefit us,” the Republican nominee added.
“So it’s deductibility of interest is great, but only if the car is manufactured in the United States,” Trump pledged. “Is that a great idea?”
“Why the hell would we give them taxes if they manufacture the car in China or Japan, or lots of other places that stole our business over the years?”
