Official records from the US Congress or announcements from major news outlets

Trump to Propose Tax-Deductible Car Loan Interest and 15% Corporate Tax Rate in Detroit on Thursday

Oct 10, 2024, 05:00 PM

Donald Trump is set to propose making interest on car loans fully tax-deductible and introducing a 'Made in America' corporate tax rate of 15% for US manufacturers. These proposals are part of an upcoming speech at the Detroit Economic Club on Thursday, aimed at boosting the US auto sector and manufacturing industry. The speech will be delivered in Michigan, a key swing state, according to Reuters.