Allow a tax deduction for interest on U.S.-made car loans

Moreno supports including the USA Car Act in the Senate reconciliation bill. It would let Americans write off interest on loans for U.S.-made cars, but the deduction would apply only to new passenger vehicles used for personal purposes.

Context: The proposed deduction is limited to new personal-use passenger vehicles.

In their own words

allows Americans to write off interest on auto loans for U.S.-made cars

The source

Bernie Moreno: moreno-releases-6-point-reconciliation-plan-for-autos ↗

Published: Original date not established; campaign context manually checked
Retrieved: 11/11/2026