<ul><li>President Trump proposes a new tax deduction for auto loan interest payments on US-made vehicles to boost domestic manufacturing and counter potential tariff price increases.</li><li>Industry professionals have mixed perspectives on the plan with some supporting the proposal, such as Jason Tamaroff of Tamaroff Auto Group in Michigan, while others, like Nick Anderson of Chuck Anderson Ford in Missouri, are skeptical.</li><li>J.P. Morgan analysts express skepticism towards Trump's proposal's ability to counteract rising vehicle and loan costs, estimating that the auto loan interest write-offs could save consumers an average of $20 a month.</li><li>Trump's goal is to increase domestic vehicle production motivated by the new tariffs and interest write-offs, which would offset lost tax revenue from auto loan interest deductions.</li></ul>

Trump Proposes Auto Loan Interest Tax Deductions for US-Made Vehicles - Reactions Are Mixed

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