<ul><li>House Speaker Mike Johnson is working on a plan to provide tax deductions for the interest paid on loans for U.S.-built vehicles.</li><li>The move is aimed at incentivizing the purchase of domestically-produced cars.</li><li>The deductions are expected to bring around $20 in savings each month, but higher vehicle prices due to tariffs might offset the benefits.</li><li>President Trump believes the measure will drive more American auto production, but the impact won't be immediate.</li></ul>

House Speaker Mike Johnson Wants to Offer Interest Rate Tax Deductions On American-Made Cars

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