US Treasury Implementing Trump-Backed ‘No Tax’ on Car Loan Interest, Bessent Says
Secretary of the Treasury Scott Bessent gives remarks during a roundtable meeting at the U.S. Treasury Department in Washington on May 29, 2025. Anna Moneymaker/Getty Images The Treasury Department is implementing a policy that eliminates taxes on car loan interest, a move meant to lower costs, Treasury Secretary Scott Bessent said on Jan. 7. The