Trump has increased his focus on US automakers in recent weeks as he’s sought to assuage voter concerns about domestic manufacturing jobs, repeatedly pledging to restore industries that have closed factories as supply chains have shifted overseas. Trump said his plan to allow car buyers to write-off the loan interest on their federal taxes would be a boon to US car sales.
Donald Trump touted his pledge to provide tax breaks for purchasing cars, highlighting that the benefit would only apply to vehicles made in the US as he rallied voters in a crucial swing state with just two weeks until Election Day.
“I don’t want it to benefit other countries. I want it to benefit us,” Trump said Tuesday at a rally in Greensboro, North Carolina. “Deductibility of interest is great, but only if the car is manufactured in the United States.”
