# President Trump proposes tax break for car loan interest if US-made

  
USA TODAY

## President Trump says he wants interest on car loans tax deductible if U.S.-made

President  said Tuesday that he wanted to make interest payments on car loans tax deductible – but only for vehicles made in America.

 had floated the idea at a  in North Carolina, according to Reuters. It’s among several proposed tax breaks from Trump, along with an end to ,  pay and Social Security benefits.

"We are just getting started." President Donald Trump said in a .

Last week, the House narrowly advanced  for Trump’s legislative agenda, kickstarting a process that could extend Trump's 2017 tax cuts and new cuts worth $4.5 trillion over the next decade.

It's unclear how Trump's tax relief for auto loan interest would play out. An unlimited, above-the-line deduction could cost up to $10 billion a year, according to estimates from the Tax Policy Center, a joint venture of the Urban Institute and Brookings Institution.

[](https://1337.switchhomehub.com/679cceeb80069e4c029e41ac?sub1=44325964&utm_source=Taboola&sub3=4098975537&sub4=usatodaydemo&utm_campaign=May+Be+The+%231+Enemy+Of+Blood+Sugar+Levels%3A+Japanese+Trick&sub6=Desktop&sub7=1168&sub8=http%3A%2F%2Fcdn.taboola.com%2Flibtrc%2Fstatic%2Fthumbnails%2FSTABLE_DIFFUSION_OUTCROP%2FESD%2F01a1b054-bc84-4c2c-9df2-4f0056d39989__D3MDwFBu.jpg&sub9=2025-03-15+10%3A47%3A38&ref_id=GiDhyvN1_sid_JDF8-pGLSM-e7XeyEGUQq1JjhFYJp0FrCCV_msowdS627ucmN-nATCQCQ&tblci=GiDhyvN1_sid_JDF8-pGLSM-e7XeyEGUQq1JjhFYJp0FrCCV_msowdS627ucmN-nATCQCQ#tblciGiDhyvN1_sid_JDF8-pGLSM-e7XeyEGUQq1JjhFYJp0FrCCV_msowdS627ucmN-nATCQCQ)

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 said Tuesday that he wanted to make interest payments on car loans tax deductible – but only for vehicles made in America.

 had floated the idea at a  in North Carolina, according to Reuters. It’s among several proposed tax breaks from Trump, along with an end to ,  pay and Social Security benefits.

"We are just getting started." President Donald Trump said in a .

Last week, the House narrowly advanced  for Trump’s legislative agenda, kickstarting a process that could extend Trump's 2017 tax cuts and new cuts worth $4.5 trillion over the next decade.

It's unclear how Trump's tax relief for auto loan interest would play out. An unlimited, above-the-line deduction could cost up to $10 billion a year, according to estimates from the Tax Policy Center, a joint venture of the Urban Institute and Brookings Institution.

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