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Started By
Message
Trump administration proposing a $10,000 tax credit for buying a new American made auto.
Posted on 1/16/26 at 3:07 pm
Posted on 1/16/26 at 3:07 pm
This is the first I’ve heard of it. Nice.
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Posted on 1/16/26 at 3:08 pm to bhtigerfan
But the economy is failing!!!…
Posted on 1/16/26 at 3:09 pm to bhtigerfan
Just in, car prices raised $6-8k across the board
Posted on 1/16/26 at 3:10 pm to Knight of Old
quote:
But the economy is failing!!!…
Usually gimmicks like this are to stimulate the economy...
Posted on 1/16/26 at 3:10 pm to sgallo3
No different than health insurance with subsidies?
Posted on 1/16/26 at 3:11 pm to Jbird
quote:
No different than health insurance with subsidies?
Completely different
This is an attempt to help American auto makers
Posted on 1/16/26 at 3:12 pm to bhtigerfan
$50,000 Ford Fiesta out next month
This post was edited on 1/16/26 at 3:13 pm
Posted on 1/16/26 at 3:13 pm to Powerman
Subsidies drive up prices in the same way government back student loans explodes college costs
Posted on 1/16/26 at 3:13 pm to bhtigerfan
He mentioned the BBB, so wonder if he is actually referring to the interest deduction of up to $10k? Or something new?
Posted on 1/16/26 at 3:14 pm to bhtigerfan
This should help cover the cost of a replacement transmission on a new Chevy.
Posted on 1/16/26 at 3:14 pm to Powerman
And let me guess. Tariffs will pay for it.
Posted on 1/16/26 at 3:15 pm to Jbird
quote:
Subsidies drive up prices in the same way government back student loans explodes college costs
In that respect, we agree
Posted on 1/16/26 at 3:16 pm to Powerman
No different than propping up shitty Obamacare
Posted on 1/16/26 at 3:20 pm to Powerman
quote:
This is an attempt to help American auto makers
Yes, it helps American auto makers at US taxpayer expense.
It also contributes to inflation of vehicle prices.
Posted on 1/16/26 at 3:26 pm to bhtigerfan
It's not "proposed", it's already here via the Big Beautiful Bill. It's also a credit on interest paid, not the purchase price.
quote:
The "Big Beautiful Bill" (One, Big, Beautiful Bill Act) introduced a temporary federal tax deduction for interest paid on new, U.S.-assembled vehicle loans through 2028, allowing up to a $10,000 deduction for personal use vehicles with final assembly in America, phasing out at higher incomes ($100k single, $200k joint), but it also ended some EV credits after September 2025. This new deduction applies to cars, trucks, SUVs, vans, and motorcycles purchased with loans after December 31, 2024, and is claimed as an "above-the-line" deduction, meaning you don't need to itemize
Posted on 1/16/26 at 3:27 pm to bhtigerfan
Throwing a bone to Musk
Posted on 1/16/26 at 3:35 pm to bhtigerfan
Proposing?
Sounds like they are doing it.
Sounds like they are doing it.
Posted on 1/16/26 at 3:37 pm to Jbird
quote:
Subsidies drive up prices in the same way government back student loans explodes college costs
I could see the Great One, POTUS DJT, telling auto manufacturers they will be prohibited from raising prices if they want to participate in the program.
Posted on 1/16/26 at 3:38 pm to SDVTiger
quote:
Throwing a bone to Musk
Elon hated the Big Beautiful Bill because of big government handouts like this.
Made Doge pointless.
Posted on 1/16/26 at 3:41 pm to bhtigerfan
10k off a 90k Ford - no thanks
Appreciate the sentiment, and new car buyers will hopefully get a deal from this. Plus, American car makers are such POS shiesters, they'll just add 10k to the sticker to try to cash in. If any corporations need to go belly up, it's American car manufacturers.
Appreciate the sentiment, and new car buyers will hopefully get a deal from this. Plus, American car makers are such POS shiesters, they'll just add 10k to the sticker to try to cash in. If any corporations need to go belly up, it's American car manufacturers.
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