U.S. Treasury rolls out auto loan interest tax relief under Trump policy

A new U.S. Treasury tax break on car loan interest aims to support consumers and auto demand, though economists say broader economic effects may be limited.

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U.S. Treasury rolls out auto loan interest tax relief under Trump policy

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U.S. Treasury rolls out auto loan interest tax relief under Trump policy
A new U.S. Treasury tax break on car loan interest aims to support consumers and auto demand, though economists say broader economic effects may be limited.
The U.S. Treasury has begun implementing a tax break on car loan interest as part of a Trump backed policy aimed at boosting household purchasing power. The measure is intended to lower borrowing costs for consumers and support auto sales amid elevated interest rates. Economists note that while the relief may provide short term support to demand, its broader impact will depend on vehicle prices, credit availability, and consumer confidence.
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