President Donald Trump vowed during his address to a joint session of Congress on Tuesday evening that he would make interest payments on loans for cars made in the United States tax deductible.
The move is part of several economic policies meant to promote American manufacturing and to decrease the tax burden on households.
“I also want to make interest payments on car loans tax deductible, but only if the car is made in America,” Trump told lawmakers and other senior government officials assembled for the speech.
President Trump: “I also want to make interest payments on car loans tax deductible, but only if the car is made in America.”
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GENIUS!!!! pic.twitter.com/riDLQ02q2p
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Trump previously floated similar plans
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