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Getting Trump's full tax break on car loans may mean buying a $130,000 vehicle

CNBC
Summary
Nutrition label

81% Informative

House and Senate Republicans have proposed a tax break on car loan interest.

The tax break would be temporary, ending after 2028 .

Households would likely need to buy luxury cars that cost $ 130,000 or more to get the maximum benefit.

Only about 1% of new auto loans are this big, according to Cox Automotive data.

VR Score

89

Informative language

94

Neutral language

19

Article tone

formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

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