Donald Trump supported making interest on car loans fully tax deductible, the latest tax-cut promise the GOP nominee has made before Election Day.
  • deegeese
    251·
    6 days ago

    It’s a give away to rich people who buy expensive cars, and to the even richer people who own car dealerships or an automaker experiencing sluggish EV sales.

      • ZaktorEnglish
        8·
        5 days ago

        Rich people love debt. Their existing wealth gets them great terms and they’re in the best position to apply the saved capital to investments that return more than the loan rate.

      • deegeese
        81·
        6 days ago

        They sure as hell do. Go talk to some car salesmen on shitsite’s /r/AskCarSales

  • bstix@feddit.dk
    10·
    6 days ago

    Well, I’d rather have free ice cream.

    WTF is this tactic? Throwing pearls at the swine?

  • Funderpants @lemmy.ca
    9·
    6 days ago

    Republicans, promising to cut interest on rich people car loans. But blocking student debt. A kind of reverse pigovian tax, providing incentive to drive more expensive, usually more pollution causing automobiles. Incentivizing higher interest rates overall. Who the Fuck thinks this guy is better in the economy? Fucking morons that’s who.

  • Rapidcreek@lemmy.world
    81·
    6 days ago

    Meaningless propaganda pablum for the perennially pathetic who still believe his lies.

    The only tax breaks he cares about are those for his fat cat contributors who neither need or deserve them.

    All the other tax breaks he’s been yammering about he’d forget, claim he never promised and then attack the MSM for pushing fake news.