Trump's Auto Loan Tax Deduction Proposal Shakes Up Tight Race

Donald Trump announced a proposal to make interest on U.S.-built car loans tax deductible, aiming to gain voter support ahead of the Nov. 5 election. Both Trump and Kamala Harris have offered economic incentives, including taxes on overtime pay and cutting taxes for the middle class, to sway voters.

In a bold move aimed at energizing his voter base, Republican candidate Donald Trump unveiled a plan to make car loan interest deductible for vehicles assembled in the United States. This announcement comes as the November 5 election draws near, with Trump looking to distinguish himself through economic incentives.

Speaking at a North Carolina rally, Trump declared, 'I will make interest on car loans fully tax deductible,' specifying this would apply only to domestically built automobiles. His proposal stands as part of his broader strategy to protect American jobs and counter the influx of Chinese car imports.

Meanwhile, Democratic opponent Kamala Harris has promised a middle-class tax cut, making the economic pledges of both candidates central to the tight race. Their respective plans for altering the tax landscape hinge on Congressional approval, adding another layer of complexity to these election promises.

(With inputs from agencies.)