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In September, buyers paid an average interest rate of 7.1% on new cars and 11.2% on used cars, according to car research company Edmunds. Trump said the tax cut "will stimulate massive domestic ...
Donald Trump is now pitching a new tax cut that, on the face of it, would seem to benefit almost every American who owns a car. The former president on Thursday proposed making interest on auto ...
The former president has promised to eliminate taxes on tips, Social Security benefits and overtime pay, as well as lift the $10,000 cap on state and local tax deductions – a limit he signed ...
On Thursday, former President Donald Trump traveled to Michigan to announce a new tax cut proposal designed to appeal to both car buyers and the auto industry. Trump told the Detroit Economic Club ...
The latest tax policies add to Trump's other proposed breaks -- including to end levies on tips, Social Security and overtime payments. Trump promises to make car loan interest deductible, end ...
The plan is part of a sweeping set of proposals from Trump aimed at boosting domestic auto production, which include reducing the tax rate to 15% for companies who make their products in the US ...
President Trump, by Yahoo Finance's count, has made 10 distinct tax cut promises in recent months. All would face challenges before becoming law.
The standard deduction became far more prevalent after the major tax changes in the Tax Cuts and Jobs Act of 2017 — the Trump tax cut initiative that expires at the end of 2025.