New Moreno Bill to Allow Americans to Write Off Interest on Auto Loans

WASHINGTON –Today, Senator Bernie Moreno (R-OH) introduced theUnited States Automobile Consumer Assistance and Relief Act (USA CAR Act), which would allow Americans to write off interest on auto loans for U.S.-made cars.
“For decades, the American auto sector has been devastated by bad trade deals and bad leaders, who shipped American manufacturing jobs overseas while flooding our market with cheap foreign cars. Thanks to President Trump, we are finally ensuring every car sold in America is made in America and that working Americans can actually afford to buy a car in the first place. I’m proud to lead the way in the Senate,”said Senator Moreno.
Senator Moreno’s legislation reflectsa key campaign promisePresident Donald Trump made during his successful presidential campaign.
Read the text of the billHERE.