CNN —Former President Donald Trump unveiled yet another set of targeted tax break proposals on Thursday, doling out more promises of relief as Election Day draws ever closer.
Speaking before the Detroit Economic Club on Thursday, Trump promised to make the interest paid on car loans fully tax deductible, similar to the popular existing deduction for mortgage interest.
They raped our country.”One tax expert questioned why Trump would limit the benefit just to car loans.
“Once and for all, I’m going to end double taxation on our overseas citizens,” he said in a video released Thursday.
Currently, some Americans living abroad must pay taxes to both the United States and to the country where they reside.
Persons:
Donald Trump, doling, Trump, ”, “, Howard Gleckman, ” Gleckman, “ You’ve, Kamala Harris, CNN’s Ali Main
Organizations:
CNN, Detroit Economic, NAFTA, Trump, Brookings Tax, Security, Congress, Committee, Budget
Locations:
Michigan, Mexico, Canada, Shanghai, Sterling Heights, ”, United States