This New Tax Break on Car Loans Won't Help Anybody

As a part of the GOP's One Big Beautiful bill, Bernie Moreno has pushed for tax breaks on auto loan interest payments. The reality: this isn't really going to help anybody. Support us on Patreon for bonus, exclusive content + live stream access https://www.patreon.com/switchcastFor more information on SwitchCast & to submit vanity plates, check out our website: https://switchcast.live/Articles mentioned in this episode:Check out the bill: https://www.moreno.senate.gov/wp-content/uploads/2025/04/MCG253791.pdfTrump's funding bill runs into Senate GOP fiscal hawks: https://abcnews.go.com/Politics/trumps-big-beautiful-bill-survive-senate/story?id=122313558UPDATE: NIADA makes request for provision showing car loan interest tax deduction applies to used vehicles: https://niada.com/dashboard/niada-requests-provision-showing-car-loan-interest-tax-deduction-applies-to-used-vehicles/You probably won’t notice Trump’s tax break for car loans once you factor in tariffs: https://www.marketwatch.com/story/trump-touts-a-tax-break-for-car-loans-but-tariffs-will-drown-any-real-relief-for-buyers-653c64b2Please visit our sponsors:https://sheffieldwatches.com/ - mention "SWITCHCAST"https://www.nuts4sticks.com/ - discount code "SWITCHCAST" for 10% discounthttps://switchcars.comhttps://epicvin.com/?a_aid=vvttz3hc9ogvd- the supplemental vehicle history reports you really need. Use our affiliate link!https://solonspine.com/ - Are you crooked? Solon Spine will straighten you out!Follow our socials:https://www.facebook.com/SwitchcarsInchttps://www.tiktok.com/@switchcarsdoughttps://www.instagram.com/switchcars