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. This was a much needed course correction from President Biden's so called inflation Reduction act, which did nothing to reduce inflation, by the way, which offered tax credits for electric … (12:05–12:20)
CLAIM
Asserts that individuals making less than $100,000 a year can deduct up to $10,000 for interest on a U.S.-made vehicle.
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