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Rhiannon12866

(222,126 posts) Fri Oct 11, 2024, 02:55 AM Oct 11

'No financing mechanism': Trump proposes another tax cut - The 11th Hour - MSNBC

The former president's latest economic proposal is making car loans tax deductible. Stephanie Ruhle sits down to discuss the plan with Ron Insana and Justin Wolfers. - Aired on 10/10/2024.

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'No financing mechanism': Trump proposes another tax cut - The 11th Hour - MSNBC (Original Post) Rhiannon12866 Oct 11 OP

Republicans are so stupid, cutting taxes does not reduce the federal deficit Walleye Oct 11 #1

It will increase the price of cars Darwins_Retriever Oct 11 #2

Well, we know that TFG is hopeless when it comes to financial matters or he wouldn't have gone bankrupt 6 times Rhiannon12866 Oct 11 #3

Walleye

(35,663 posts)

1. Republicans are so stupid, cutting taxes does not reduce the federal deficit

Reply to Rhiannon12866 (Original post)

Fri Oct 11, 2024, 04:59 AM

Oct 11

We all know they don’t believe in paying taxes at all. That’s been their philosophy at least since Reagan.

Darwins_Retriever

(941 posts)

2. It will increase the price of cars

Reply to Rhiannon12866 (Original post)

Fri Oct 11, 2024, 05:19 AM

Oct 11

Making it tax deductible, will enable manufacturers and dealers to increase prices. And will this be coupled with a tariff on the same cars which will further increase costs to the consumer?

Rhiannon12866

(222,126 posts)

3. Well, we know that TFG is hopeless when it comes to financial matters or he wouldn't have gone bankrupt 6 times