But these interest rates mean that the monthly loan payments for cars have been higher and made buying a new car for most families more expensive. For those making less than $100,000 a year, The working family tax cuts introduced a new deduction that will ease this burden when it comes time to buy a new car. These individuals, those who make less than $100,000 a year, could now deduct up to $10,000 for interest paid on a new vehicle if that vehicle was made here in the United States. (11:56–12:05)
CLAIM
Asserts that a new deduction was introduced in the working family tax cuts to ease the burden of buying a new car.
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