President Donald Trump announced the ‘big, beautiful bill’ at a White House event Thursday, focusing on tax deductions for interest on car loans for American-made vehicles. During the event, Trump recognized James Benson, a third-generation autoworker from Michigan, who transitioned from being a lifelong Democrat to a Trump supporter due to the tax benefits. The bill offers a deduction of up to $10,000 for qualified passenger vehicles, with phased-out provisions based on income levels. The plan aims to bolster U.S. manufacturing and support autoworkers, though it faces resistance from some Republican senators due to concerns over national debt.
Trump emphasized the importance of U.S. manufacturing during his remarks, noting that Ford has