President Trump: ‘We will make interest on car loans fully deductible’

October 10, 2024

President Donald Trump delivered a powerful speech Thursday at the Detroit Economic Club in which he outlined his plan to make America prosperous again.

 

President Trump said that "by the end of my term" the entire world will be talking about "the Michigan miracle."

 

President Trump: "I am announcing that as part of our tax cuts, we will make interest on car loans fully deductible."

 

President Trump: "When we do all of this, you will witness nothing less than the launch of a new American industrial revolution.

 

Thousands of factories will open up all across our land. Great-paying blue-collar jobs will lift up those who have suffered so terribly over the past four years... Inflation will come down fast. American cars and products will be exported and admired throughout the world again. Young people will move from the coasts and big cities into the heartland to build their fortunes on the new frontier of the American Midwest."

 

President Trump: "Kamala’s EV mandate is one of the most demented regulations that's been conceived... It will destroy U.S. auto manufacturing immediately. It will destroy our trucking-based supply chain, destroy our electric grid, destroy our military, destroy our roads and bridges with vehicles that are far too heavy... destroy the state of Michigan, and it will totally destroy our Middle Class."

 

President Trump: "I will keep your taxes low and your job numbers high... The theft of our companies, factories, jobs, and wealth by foreign countries is over.  We are not going to allow it to happen anymore. And many of those who left will be coming back – and they're going to be coming back fast."

 

President Trump: "When foreign leaders and CEOs call me up to complain about our tariffs, my answer will be very simple: Build it in America... Build it in Detroit... Build it in Dearborn, or Lansing, or Grand Rapids, or Flint."