financetom
Business
financetom
/
Business
/
Trump to propose making car loan interest tax deductible - speech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump to propose making car loan interest tax deductible - speech
Oct 10, 2024 11:19 PM

WASHINGTON (Reuters) - Republican presidential candidate Donald Trump on Thursday will propose making all interest on car loans fully tax-deductible, according to excerpts of a speech seen by Reuters ahead of remarks in Detroit.

The proposal is the latest in a long string of potential tax cuts the former U.S. president has floated during the final weeks of his campaign against Democratic Vice President Kamala Harris.

Trump will also propose cutting the tax rate on U.S. domestic manufacturers to 15% and said he will bar all autonomous vehicles from Chinese companies from traveling on U.S. roads.

If elected, he will need congressional support to pass changes of tax laws.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump unlikely to undo Biden's IRA climate legislation, TotalEnergies executive says
Trump unlikely to undo Biden's IRA climate legislation, TotalEnergies executive says
Nov 4, 2024
PARIS, Nov 4 (Reuters) - French oil major TotalEnergies does not anticipate that Donald Trump would pull the U.S. out of the Paris Agreement on climate change or undo Inflation Reduction Act (IRA) legislation if he became U.S. president again, the company's strategy director said on Monday. Aurelien Hamelle made the comments while presenting Total's energy outlook forecasting global demand...
Graco Completes $250.6 Million Acquisition of Corob
Graco Completes $250.6 Million Acquisition of Corob
Nov 4, 2024
11:06 AM EST, 11/04/2024 (MT Newswires) -- Graco ( GGG ) closed the acquisition of tinting equipment manufacturer Corob for 230 million euros ($250.6 million) with an additional contingent consideration of up to 30 million euros. Corob generated 110 euros million in revenue in 2023 and employs over 600 people globally, Graco ( GGG ) said Monday in a statement....
Decibel Cannabis Raises $2 Million in the First Tranche of a Private Placement,
Decibel Cannabis Raises $2 Million in the First Tranche of a Private Placement,
Nov 4, 2024
11:06 AM EST, 11/04/2024 (MT Newswires) -- Decibel Cannabis ( DBCCF ) on Monday completed a first closing of its non-brokered private placement, issuing 33.5-million shares at $0.06 each to raise $2 million. The initial tranche of the private placement was closed to provide insiders with an opportunity to participate. Over 75% of this first tranche subscribers were insiders, employees...
Ionis Pharmaceuticals Gets FDA Acceptance of New Drug Application for Angioedema Treatment
Ionis Pharmaceuticals Gets FDA Acceptance of New Drug Application for Angioedema Treatment
Nov 4, 2024
11:09 AM EST, 11/04/2024 (MT Newswires) -- Ionis Pharmaceuticals ( IONS ) said Monday the US Food and Drug Administration has accepted for review a new drug application for donidalorsen for prophylaxis to prevent attacks of hereditary angioedema in adults and patients 12 years of age and older. The regulator has set an action date of Aug. 21, 2025, under...
Copyright 2023-2026 - www.financetom.com All Rights Reserved