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Market
How will major automotive manufacturers respond to Trump's tax deduction proposal by March 2025?
2
Resolution / Starting Odds
Support the proposal • 25%
Oppose the proposal • 25%
Neutral stance • 25%
No official response • 25%
Official statements or press releases from automotive companies
Story
Trump Proposes 100% Tax Deduction for Car Loan Interest on U.S.-Made Vehicles, Includes Tax Credit for Caregivers
Oct 27, 2024, 11:25 PM
Former President Donald Trump has announced a proposal to make interest on car loans fully tax deductible, contingent on the vehicles being manufactured in the United States. This plan was initially presented at the Detroit Economic Club last month and reiterated during a speech at Madison Square Garden. Trump also mentioned a commitment to providing tax credits for individuals caring for loved ones. The proposal aims to bolster domestic manufacturing and support American-made vehicles, aligning with his broader economic strategy.
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Yes • 50%
No • 50%
Increase EV prices • 25%
Decrease EV prices • 25%
Keep EV prices the same • 25%
Introduce new incentives • 25%
Ford • 25%
General Motors • 25%
Tesla • 25%
Other • 25%
Increase prices • 25%
Offer their own rebates • 25%
No change • 25%
Other • 25%
Relocate production abroad • 25%
Lobby against tariffs • 25%
No significant action • 25%
Increase domestic production • 25%
Increase EV prices • 25%
Decrease EV production • 25%
Shift focus to gas-powered vehicles • 25%
No significant change • 25%
Increase EV incentives • 25%
Decrease EV production • 25%
No significant changes • 25%
Other strategic responses • 25%
Increase EV production • 25%
Decrease EV production • 25%
Shift focus to hybrids • 25%
Other • 25%
Increase prices • 25%
Lobby against decision • 25%
No significant response • 25%
Other response • 25%
Increase US production • 25%
Seek tariff exemptions • 25%
Shift production to other countries • 25%
No significant change • 25%
Major industry pushback • 25%
Minor industry pushback • 25%
No significant response • 25%
Positive industry response • 25%
Supportive • 25%
Neutral • 25%
Opposed • 25%
No official stance • 25%