“If you buy a car in the United States that’s made in the United States, if it’s manufactured here, when you borrow money, if you borrow money, you have interest payments,” Trump said in the Oval Office.
“We’re gonna let you deduct the interest payments for income tax reasons.”
🚨 POTUS: “We’re going to do something that has never been done in this country before — If you buy a car in the United States that’s made in the United States — we’re going to let you deduct the interest payment for income tax.” pic.twitter.com/BGPRWiF7S0
— Rapid Response 47 (@RapidResponse47) March 28, 2025
Trending: CIA Whistleblower Zeroes In on Trump’s Signal Controversy – Someone Is in Serious Trouble
President Trump first proposed the deduction in October, and it has been compared to the existing interest deduction on mortgages, which allows homeowners
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!