{"id":2409981,"date":"2025-03-05T10:52:01","date_gmt":"2025-03-05T15:52:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-announces-radical-new-plan-for-car-loans-everyone-who-buys-american-will-be-affected\/"},"modified":"2025-03-05T10:56:36","modified_gmt":"2025-03-05T15:56:36","slug":"trump-announces-radical-new-plan-for-car-loans-everyone-who-buys-american-will-be-affected","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-announces-radical-new-plan-for-car-loans-everyone-who-buys-american-will-be-affected\/","title":{"rendered":"Trump Announces Radical New Plan for Car Loans &#8211; Everyone Who Buys American Will Be Affected"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-announces-radical-new-plan-for-car-loans-everyone-who-buys-american-will-be-affected%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2409981&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>during \u2064a recent address to Congress, President Donald \u2062Trump announced\u200d a proposal\u2064 to make interest payments on car loans tax deductible, but only for vehicles manufactured \u2063in teh United States. This plan is part of broader economic policies aimed at supporting American manufacturing\u200c and reducing the tax burden on families. Trump emphasized that this\u2062 initiative would encourage consumers to purchase american-made cars, similar to existing tax deductions for home mortgage interest. <\/p>\n<p>In his speech, Trump reiterated previous campaign commitments, including proposals to eliminate taxes on tips, overtime, and Social Security benefits. The response from\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-furious-ca-restaurant-owner-confronts-inspectors-issuing-citation-are-you-gonna-pay-my-rent\/\" title=\"WATCH: Furious CA Restaurant Owner Confronts Inspectors Issuing Citation: \u2018Are You Gonna Pay My Rent?\u2019\">social media users<\/a> \u2063has been notably positive, \u200dpraising the\u200d initiative as a smart move to bolster American jobs and take \u200badvantage of tax savings while promoting domestic production.<\/p>\n<p>Furthermore, Trump criticized the automotive policies of the prior administration and promised to cancel mandates perceived as detrimental to\u200d the industry, emphasizing the importance of affordable vehicles \u200bin achieving the American dream.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>President Donald Trump vowed during his address to a joint session of Congress on Tuesday evening that he would make interest payments on loans for cars made in the United States tax deductible.<\/p>\n<p>The move is part of several <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/polls-majorities-of-americans-support-trumps-mass-deportations\/\" title=\"Polls: Majorities Of Americans Support ...&#039;s Mass Deportations\">economic policies meant<\/a> to promote American manufacturing and to decrease the tax burden on households.<\/p>\n<p>&ldquo;I also want to make interest payments on car loans tax deductible, but only if the car is made in America,&rdquo; Trump told lawmakers and other senior government officials assembled for <a href=\"https:\/\/www.westernjournal.com\/sergeant-arms-removes-belligerent-house-democrat-trumps-address-congress\/\" target=\"_blank\" rel=\"noopener\">the speech<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">President Trump: &ldquo;I also want to make interest payments on car loans tax deductible, but only if the car is made in America.&rdquo;<\/p>\n<p>GENIUS!!!! <a href=\"https:\/\/t.co\/riDLQ02q2p\">pic.twitter.com\/riDLQ02q2p<\/a><\/p>\n<p>&mdash; George (@BehizyTweets) <a href=\"https:\/\/twitter.com\/BehizyTweets\/status\/1897119635780366486?\">March 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>  Trump previously floated similar plans on the campaign trail.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} \t\t<\/script> <\/p>\n<p>During one October event in North Carolina, for instance, Trump said that he would &ldquo;make interest on <a href=\"https:\/\/amzn.to\/3YuVZYV\">car loans fully tax deductible<\/a>,&rdquo; but only &ldquo;if they build that particular product, namely an automobile, in the United States,&rdquo; according to&nbsp;<a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/trump-says-hell-make-interest-car-loans-tax-deductible-if-domestically-built-2024-10-22\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p>The outlet noted that the plan would treat interest paid on car loans much like the deduction for interest currently in place for home mortgages.<\/p>\n<p>During his <a href=\"https:\/\/www.westernjournal.com\/watch-trump-masterfully-turns-tables-democrats-shames-disrespect\/\" target=\"_blank\" rel=\"noopener\">Tuesday speech<\/a>, Trump reiterated his commitment to policies he proposed on the campaign trail, such as ending taxes on tips, overtime, and <a href=\"https:\/\/www.westernjournal.com\/instead-cutting-social-security-payments-trump-cut-taxes-social-security\/\" target=\"_blank\" rel=\"noopener\">Social Security<\/a> payments.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">TRUMP: I&rsquo;m calling for no tax on tips, no tax on overtime, and no tax on Social Security benefits for seniors. And tax-deductible interest payments on loans for American-made cars.<\/p>\n<p>&mdash; Sean Davis (@seanmdav) <a href=\"https:\/\/twitter.com\/seanmdav\/status\/1897119047676014869?\">March 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>  Social media users reacted positively to the plan as announced on Tuesday evening.<\/p>\n<p>&ldquo;Love this! Boosting American jobs &amp; cars &mdash; genius move. Time to drive local, save on taxes, and keep our economy rolling,&rdquo; one user <a href=\"https:\/\/x.com\/EastTropix\/status\/1897120470937559271\" target=\"_blank\" rel=\"noopener\">said<\/a>.<\/p>\n<p>&ldquo;Another reason to buy American made vehicles other than the tariffs!&rdquo; a second user <a href=\"https:\/\/x.com\/dudewitharedhat\/status\/1897120927789552094\" target=\"_blank\" rel=\"noopener\">remarked<\/a>.<\/p>\n<p>&ldquo;Great way to promote a made in America agenda,&rdquo; a third commenter <a href=\"https:\/\/x.com\/zest674\/status\/1897120634989339128\" target=\"_blank\" rel=\"noopener\">added<\/a>.<\/p>\n<p>Trump has also been critical of the <a href=\"https:\/\/www.westernjournal.com\/los-angeles-fires-expose-serious-downside-electric-vehicles\/\" target=\"_blank\" rel=\"noopener\">automotive<\/a> policies pursued by the previous administration.<\/p>\n<p>During the campaign, he promised to &ldquo;cancel Kamala&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-urges-uaw-to-demand-a-total-repeal-of-bidens-electric-vehicle-mandate\/\" title=\"... Urges UAW To Demand A \u2018Total Repeal\u2019 Of Biden\u2019s Electric Vehicle Mandate\">insane electric vehicle mandate<\/a> immediately.&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">President Trump will CANCEL Kamala&rsquo;s insane electric vehicle mandate and make interest on car loans FULLY tax deductible.<\/p>\n<p>&ldquo;Affording a car is essential to restoring the American dream.&rdquo; <a href=\"https:\/\/t.co\/IHq1YivcEf\">pic.twitter.com\/IHq1YivcEf<\/a><\/p>\n<p>&mdash; Trump War Room (@TrumpWarRoom) <a href=\"https:\/\/twitter.com\/TrumpWarRoom\/status\/1846366052860809251?\">October 16, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>  &ldquo;The problem is they don&rsquo;t go far, they&rsquo;re very expensive, they&rsquo;re made in China, and they have some other things,&rdquo; Trump continued.<\/p>\n<p>&ldquo;Now with that being said, I think they&rsquo;re phenomenal. &hellip; I say that because of Elon,&rdquo; he said in reference to <a href=\"https:\/\/www.westernjournal.com\/watch-joy-behar-forced-humiliate-air-admit-lied-elon-musk-beg-not-sued\/\" target=\"_blank\" rel=\"noopener\">Elon Musk<\/a>, who now leads the Department of Government Efficiency.<\/p>\n<p>Trump said, &ldquo;Affording a car is essential to restoring the American dream.&rdquo;<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<div class=\"insticator-ads additional\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During his address to Congress on Tuesday night, President Donald Trump promised to make interest payments on loans for American-made cars tax deductible. This initiative is part of a broader set of economic policies aimed at boosting U.S. manufacturing and reducing the tax burden on families. Trump stated, \u201cI also want to make interest payments on car loans tax deductible, but only if the car is made in America.\u201d He had previously proposed similar ideas during his campaign, emphasizing that such deductions would be akin to those available for home mortgage interest. In addition, he reiterated other campaign promises regarding taxes on tips, overtime pay, and Social Security benefits for seniors. Social media users responded positively to his announcement, praising it as a smart move to support American jobs and manufacturing<\/p>\n","protected":false},"author":1,"featured_media":2409982,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/03\/US-Car-Manufacturing.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[51568,47163,51567,34402,3634],"class_list":["post-2409981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-american-buyers","tag-auto-industry","tag-car-loans","tag-economic-policy","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/03\/US-Car-Manufacturing.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2409981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2409981"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2409981\/revisions"}],"predecessor-version":[{"id":2409993,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2409981\/revisions\/2409993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2409982"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2409981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2409981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2409981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}