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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 ...
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. ... on car loans ...
Former President Donald Trump promised Thursday he would make interest incurred on car loans fully tax deductible during his second term and would end double taxation for Americans living abroad ...
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 ...
Extending Trump’s 2017 tax cuts would lower taxes by an average of $2,000 in 2026, according to an analysis by the Urban-Brookings Tax Policy Center. However, nearly half of the tax break ...
These tax proposals are the latest in a string of costly tax cuts Trump has rolled out in recent months, many aimed at specific voting blocs whose support he is seeking.
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 ...
Trump also repeated his plan to cut corporate tax rates to 15% for companies that make their products in America and slap tariffs on products from countries that don't offer reciprocal trade with ...