Treasury Secretary Scott Bessent Touts Trump's $10K Tax Deduction On Auto Loans For 2025-2028 US-Made Vehicles: 'Putting Money Back In...'

Treasury Secretary Scott Bessent has hailed President Donald Trump's decision to enable a deduction of up to $10,000 on auto loan interest, unveiled as part of the latter's Big Beautiful Bill last year. ‘Putting Money Back In Pockets,' Says Scott Bessent In a post on the social media platform X on Wednesday, Bessent shared that the Treasury was implementing Trump's "No Tax on American Car Loan Interest.” He called this a move that would enable "putting money back in the pockets of working and middle-clas ...