 |
|
Trump wins over a lifelong Democrat autoworker with 'big
Posted on: June 27, 2025 at 06:20:42 CT
KCT-BoneTiger MU
Posts:
32545
Member For:
14.83 yrs
Level:
User
M.O.B. Votes:
18
beautiful bill' vehicle loan tax benefit
http://www.foxnews.com/politics/trump-wins-over-lifelong-democrat-autoworker-big-beautiful-bill-vehicle-loan-tax-benefit
The president spoke about the "big, beautiful bill" from the East Room of the White House with a group of people standing behind him who represented various trades, including food delivery, farmers and automotive workers.
One of the workers standing behind Trump was James Benson, a third-generation autoworker from Belleville, Michigan, who has been with Ford Motor Company for 26 years.
Trump introduced Benson, noting that Ford has "a lot of plants" in the U.S.
"If you have plants in this country, you’re going to make a lot of money," the president said, adding that he loves autoworkers.
Trump also said Benson was a lifelong Democrat until 2017, when he saw the benefits of the tax laws.
Trump then spoke about his latest plan to benefit car owners by making interest on car payments fully tax-deductible.
Trump’s "big, beautiful bill" would create a new deduction of up to $10,000 for qualified passenger vehicle loan interest in a given taxable year. The deduction would phase out when a taxpayer’s modified adjusted gross income exceeds $100,000.
Applicable passenger vehicles include cars, trucks, vans, SUVs and motorcycles that have been manufactured for use on public streets, roads and freeways and for which the final assembly occurs in the U.S.
Edited by KCT-BoneTiger at 06:27:10 on 06/27/25
http://www.foxnews.com/politics/trump-wins-over-lifelong-democrat-autoworker-big-beautiful-bill-vehicle-loan-tax-benefit
The president spoke about the "big, beautiful bill" from the East Room of the White House with a group of people standing behind him who represented various trades, including food delivery, farmers and automotive workers.
One of the workers standing behind Trump was James Benson, a third-generation autoworker from Belleville, Michigan, who has been with Ford Motor Company for 26 years.
Trump introduced Benson, noting that Ford has "a lot of plants" in the U.S.
"If you have plants in this country, you’re going to make a lot of money," the president said, adding that he loves autoworkers.
Trump also said Benson was a lifelong Democrat until 2017, when he saw the benefits of the tax laws.
Trump then spoke about his latest plan to benefit car owners by making interest on car payments fully tax-deductible.
Trump’s "big, beautiful bill" would create a new deduction of up to $10,000 for qualified passenger vehicle loan interest in a given taxable year. The deduction would phase out when a taxpayer’s modified adjusted gross income exceeds $100,000.
Applicable passenger vehicles include cars, trucks, vans, SUVs and motorcycles that have been manufactured for use on public streets, roads and freeways and for which the final assembly occurs in the U.S.
Edited by KCT-BoneTiger at 06:27:10 on 06/27/25
Please explain why this message is being reported.
MESSAGE THREAD
Trump wins over a lifelong Democrat autoworker with 'big - KCT-BoneTiger MU - 6/27 06:20:42