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Trump's Tax Cuts Promise Bigger Refunds, Experts Skeptical

12/26/2025

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Summary

Story summary

U.S. President Donald Trump and Republican allies promote a tax-cut bill signed into law this summer to address affordability.
They say Americans will receive larger tax refunds next year due to a deduction for car loan interest, but experts are uncertain about its impact.
The policy reverses electric vehicle subsidies from the Biden administration, and Senator Bernie Moreno calls it 'immediate relief' from high auto prices.

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Story summary

U.S. President Donald Trump and Republican allies promote a tax-cut bill signed into law this summer to address affordability.
They say Americans will receive larger tax refunds next year due to a deduction for car loan interest, but experts are uncertain about its impact.
The policy reverses electric vehicle subsidies from the Biden administration, and Senator Bernie Moreno calls it 'immediate relief' from high auto prices.