Trump Proposes Auto Loan Interest Deduction
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interest deductionWashington Examiner
•Business
Business & Economics
Trump announces auto loan interest deductions for American-made cars
66% Informative
President Donald Trump announced Friday a new policy instituting auto loan interest deductions for American -made cars.
"We're gonna let you deduct the interest payments for income tax reasons," Trump said in the Oval Office .
President Trump first proposed the deduction in October , and it has been compared to the existing interest deduction on mortgages.