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"President Donald Trump on Wednesday said he would push for a taxpayer deduction on interest payments for cars made in the United States. The tax change is expected to be part of discussions over the GOP tax bill, which lawmakers in the House and Senate are trying to hammer out in the coming months. The comments came as the president announced a new 25 percent tariff on all car imports to the United States."
Well, it's the thought that counts, but how much of a difference will a couple thousand dollars of interest make for someone who needs another $5,000 to get above the standard deduction?
Not to mention, how many parts are imported for most cars made in the US? What we're likely to see (in the unlikely event that Congress goes along with this) is a lot of people waiting until 2029 to buy a new car.