The president is pushing to make sure Americans can borrow against their cars.
And he wants to create a tax on auto loans, the latest in a series of tax measures aimed at helping small business.
This week, he also unveiled his proposal to roll back the Obama administration’s efforts to rein in the cost of student loans.
Here’s what you need to know about auto finance and the tax on car loans.
Auto finance is a financial product that helps people who cannot make their own cars finance their cars, which typically costs around $10,000.
Under Trump’s plan, it would cost about $5,000 to buy a car from a dealer.
The administration wants to tax the money from auto finance to help finance the purchase of the car.
Under current law, car buyers must pay federal income taxes on their car purchase.
Trump has proposed using the proceeds from auto financing to fund a new vehicle tax credit that would help the middle class buy new cars.
While the idea is to reduce the federal government’s role in financing a car, it could also encourage more Americans to borrow against the cars of others.
According to a study released by the Tax Policy Center last year, a small percentage of Americans borrow against cars, and the average homeowner with a car payments more than $30,000 a year.
In the first quarter of 2019, about 25% of U.S. households had loans on their vehicles, the report found.
That number rose to 45% in the second quarter.
If the tax were passed, the result would likely be a more modest reduction in the number of car loans being paid off.
“The tax will generate a modest amount of revenue,” said Richard Thaler, an economist with the conservative Heritage Foundation.
“But if it were fully applied, it probably would be a much bigger cut in the amount of government spending and tax revenue that the federal Treasury gets from its car loan portfolio.”
The proposal could also have a dramatic impact on the U.K. The U.k. currently charges a 6.4% tax on every $1,000 of loan interest income.
In 2019, the U