It’s a give away to rich people who buy expensive cars, and to the even richer people who own car dealerships or an automaker experiencing sluggish EV sales.
Rich people don’t buy their cars on loan…
Rich people love debt. Their existing wealth gets them great terms and they’re in the best position to apply the saved capital to investments that return more than the loan rate.
They sure as hell do. Go talk to some car salesmen on shitsite’s /r/AskCarSales
Well, I’d rather have free ice cream.
WTF is this tactic? Throwing pearls at the swine?
Keeping Musk happy
Tax cuts on interest so more people buy new pieces of shit from tesla
Ah, that makes more sense.
I was thinking this was the GOP guy trying to channel Obama’s “cash for clunkers” - but of course his campaign wouldn’t be competent enough to look that far back.
And loan underwriters, who would be incentivized to increase the interest rate.
Bingo
Republicans, promising to cut interest on rich people car loans. But blocking student debt. A kind of reverse pigovian tax, providing incentive to drive more expensive, usually more pollution causing automobiles. Incentivizing higher interest rates overall. Who the Fuck thinks this guy is better in the economy? Fucking morons that’s who.
Meaningless propaganda pablum for the perennially pathetic who still believe his lies.
The only tax breaks he cares about are those for his fat cat contributors who neither need or deserve them.
All the other tax breaks he’s been yammering about he’d forget, claim he never promised and then attack the MSM for pushing fake news.
And Donnie doesn’t know anything about Project 2025. Just more lies from the orange turd.
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https://www.cnbc.com/2024/10/10/trump-car-loan-tax-deductible-harris-election.html
