Interest on car loans would be tax deductible under Trump proposal [Video]

Donald Trump on Thursday said he supports making interest on car loans fully tax deductible, the latest in a suite of tax-cut promises the Republican presidential nominee has made in the weeks before Election Day.

Trump, in prepared remarks delivered in a lengthy speech at the Detroit Economic Club, compared the plan to an existing tax deduction on mortgage interest.

He also promised to bar Chinese-made autonomous vehicles from driving on American roads if he defeats Democratic nominee Kamala Harris in the Nov. 5 election.

Trump has repeatedly accused Harris, the vice president, of copying his economic policies. But the plan to keep out Chinese cars appears to mirror a recent proposal by President Joe Biden‘s Department of Commerce.

Any plan to change the tax code would have to go through Congress, which holds the power of the purse under the U.S. Constitution.

Trump in Thursday’s speech also said that if reelected, he would invoke a provision …