President Donald J. Trump announced his latest push to support American workers and American-made cars: a sweeping tax reform that will let vehicle owners deduct interest on U.S.-made auto loans — a move that puts American industry, not foreign conglomerates, back in the driver’s seat.
Standing shoulder-to-shoulder with hardworking men and women from across the country — from farmers to food delivery drivers — Trump proudly introduced James Benson, a third-generation Ford autoworker from Belleville, Michigan, as a symbol of the shift sweeping Middle America.
“I used to be a Democrat,” Benson said, “but after what President Trump did for our jobs and our families, I changed in 2017. I saw the difference right away — in my paycheck, in our plant, and in the way Washington finally started listening to us.”
President Trump, whose bold tax overhaul in 2017 unleashed a wave of economic growth and record employment, doubled down on his Buy American, Hire American pledge. This time, his weapon of choice is a “big, beautiful” bill that makes auto loan interest up to $10,000 fully tax-deductible — but only if the vehicle was assembled in the U.S.A.
“If your car is made here in America — not in China, not in Mexico — then you get the deduction,” Trump declared. “If it’s made someplace else, we don’t care.”
The tax break would apply to passenger vehicles — including cars, trucks, SUVs, vans, and motorcycles — built on U.S. soil and delivered fully assembled to dealerships. This ensures that the jobs created and the benefits received stay where they belong: right here in the United States.
Details of the America First Auto Loan Deduction
- Deduction Limit: Up to $10,000 in interest on qualified auto loans
- Eligibility: Applies only to vehicles assembled in the U.S.
- Income Threshold: Phases out for individuals earning above $100,000
- Time Frame: Applies to tax years 2025 through 2028
James Benson’s story mirrors that of millions across the Rust Belt: Americans who voted Democrat for decades but saw real results only after Trump took office.
“Ford has a lot of plants here,” Trump noted. “And if you build here, you’re going to make a lot of money. I love the autoworkers.”
This isn’t just rhetoric. Ford recently announced a $3.5 billion investment in a battery plant in Michigan, citing stable trade conditions and pro-manufacturing policy signals.
