Former US President and Republican candidate Donald Trump will be announcing car loan interest to be fully tax-deductible, according to his speech excerpts seen by news agency Reuters.
The proposal is one of the many tax reduction the former-president presented during the concluding stages of his campaign against Kamala Harris , the Democratic Vice President.
Additionally, Trump will suggest reducing the tax rate for US domestic manufacturers to 15% and prohibiting all autonomous vehicles produced by Chinese companies from operating on American roads.
Trump, if elected, will require the support of Congress to implement any modifications to tax laws.
The proposal is one of the many tax reduction the former-president presented during the concluding stages of his campaign against Kamala Harris , the Democratic Vice President.
Additionally, Trump will suggest reducing the tax rate for US domestic manufacturers to 15% and prohibiting all autonomous vehicles produced by Chinese companies from operating on American roads.
Trump, if elected, will require the support of Congress to implement any modifications to tax laws.
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