Trump Proposes Tax Break for Domestic Cars

During a campaign stop in Greensboro, North Carolina, Republican presidential candidate Donald Trump announced a plan to make interest on car loans fully tax deductible, provided the vehicle is manufactured in the United States. This proposal aims to boost domestic car production and support American jobs.

In a bid to stimulate domestic car production, Republican presidential candidate Donald Trump unveiled a new tax proposal on Tuesday during his campaign stop in Greensboro, North Carolina.

Trump's plan would allow taxpayers to fully deduct the interest on car loans, but only if the vehicle is manufactured within the United States. This initiative is designed to incentivize buyers to choose American-made cars, aiming to bolster the country's auto industry.

The proposal comes as part of Trump's broader economic strategy to increase domestic manufacturing and protect American jobs.

(With inputs from agencies.)