Secretary Bessent drops U.S. auto loan deduction bombshell
- Posted on January 8, 2026
- By Yahoo News
- 2 Views
Secretary Bessent drops U.S. auto loan deduction bombshell
On Wednesday, January 7, U.S. Treasury Secretary Scott Bessent addressed a major headwind to the U.S. auto industry -- affordability -- saying the administration is working on a significant tax break that could help many buyers. The move is surprising, given that President Donald Trump very ...