Donald Trump rolls out tax breaks, but no specifics, for overseas citizens and auto buyers
Donald Trump is rolling out more plans for tax breaks without offering details on how they would work and the impact they would have on the federal budget
DETROIT (AP) — Donald Trump on Thursday rolled out more plans for tax breaks without offering details on how they would work or how they'd affect the federal budget.
Trump vowed in a speech at the Detroit Economic Club to allow interest on car loans to be deducted from taxes, saying the proposal would “stimulate massive domestic auto production” and make car ownership more affordable. In a video, also released Thursday, he proposes to grant a key tax break to U.S. citizens living overseas to end so-called double taxation.
Trump has offered a series of tax breaks over the last several months to appeal to specific groups he's courting in the election: tipped and hourly workers, Social Security recipients, and now car buyers who have experienced sticker shock as well as Americans who live and vote abroad. In a tight race with Vice President Kamala Harris, Trump is betting that his targeted no-tax pledges will appeal to enough voters in key battlegrounds.
But so far, the Republican nominee has been vague about how those tax breaks would work or how he would pay for them — other than promising that his plans to impose sweeping tariffs would bring in new government revenue.
