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Trump to Propose Tax-Deductible Car Loan Interest and 15% Corporate Tax Rate for US Manufacturers

Oct 10, 2024, 04:40 PM

Donald Trump is set to propose significant tax changes in an upcoming speech at the Detroit Economic Club. According to excerpts from his speech, Trump will propose making interest on car loans fully tax-deductible. Additionally, he will advocate for a 'Made in America' corporate tax rate of 15% specifically for US manufacturers. These proposals, reported by Reuters, aim to stimulate economic growth and support domestic manufacturing.