U.S. Rep. Huizenga introduces legislation to deduct taxes on cars

WASHINGTON, D.C. -- Fourth District Congressman Bill Huizenga has introduced a bill that would deduct taxes paid on loans for American-made cars.

And he's also reintroduced an unrelated bill to address the humanitarian crisis in Burma.

Regarding the auto-related legislation, the Holland Township Republican's Made In America Motors Act calls for up to $2,500 to be deducted annually for vehicles purchased in the current calendar year later, so long as they weigh less than 14-thousand pounds.

Below are news releases from his office pertaining to both pieces of legislation:

Congressman Bill Huizenga (R-MI) announced the introduction of H.R. 3191, the Made in America Motors Act. This bill establishes a new federal tax deduction on auto loan interest for American-made cars. The Made in America Motors Act is based on a major policy priority proposed by President Trump in the run up to the 2024 election. Car ownership is essential for many American families, especially those living in rural or suburban areas. The Made in America Motors Act directly lowers the cost of financing a vehicle—often a household’s second-biggest expense after housing. This tax deduction can save taxpayers hundreds of dollars each year, regardless of whether they use the standard deduction or itemize.

“The Made in America Motors Act is a win for American taxpayers, autoworkers, and Michigan,” said Congressman Bill Huizenga. “Making interest on car loans tax deductible was a key campaign promise made by President Trump. The Made in America Motors Act delivers on this promise by giving individuals and families a financial incentive to buy American, which in turn supports good-paying automotive jobs in Michigan and across the nation.”

“As America’s top auto producer, we’re grateful to work with Congressman Huizenga on policies that grow the American auto industry. The Made in America Motors Act will help Americans purchase a car and gain the freedom to move, while supporting American auto workers, “ said Ford Motor Company.

Specifically, the Made in America Motors Act would:

• Create a new above-the-line tax deduction of up to $2500 annually for interest paid on auto loans
• Make the deduction available to taxpayers, including those who take the standard deduction
• Apply only to vehicles with final assembly in the United States

 

The full text of the Made in America Motors Act is available here.

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Washington, D.C. – Today, Congressman Bill Huizenga (R-MI) reintroduced H.R. 3190, the BRAVE Burma Act. This bill addresses the ongoing humanitarian crisis in Burma by cutting off the ruthless military junta from the revenue sources it uses to facilitate acts of genocide against the Burmese civilian population. Joining Congressman Huizenga in introducing H.R. 3190 was fellow Burma Caucus co-chair Rep. Betty McCollum (D-MN) as well as Rep. Seth Moulton (D-MA) and Rep. Ann Wagner (R-MO).

“The United States can and must do more to protect the people of Burma and stop the genocide being committed by the military junta,” said Congressman Bill Huizenga. “This bipartisan bill moves to cut off the primary source of funding for the regime and diminish its ability to conduct horrific airstrikes on civilian populations.”

“On behalf of the Burmese (Myanmar) community in the constituency, I would like to extend our gratitude to Congressman Huizenga for his leadership on Burma-related legislation. We view this bill as a testament to the Burma Caucus’s continued commitment and constructive engagement in matters concerning Burma. We urge the United States to take a leading role in restoring democracy in Burma through sustained and vigorous engagement. The Burmese diaspora also hopes that the Burma Caucus will work closely with Burmese advocacy groups, who often possess valuable insights into the situation on the ground.” – Dr. Than N. Oo, Co-Chair, Burma Center of Battle Creek

Yesterday, during a House Financial Services Committee hearing, Congressman Huizenga thanked U.S. Treasury Secretary Bessent for leveling sanctions against a Burmese militia supporting the junta and specifically brought up the Burmese Community in Southwest Michigan, the BRAVE Burma Act, and the need to stop the genocide taking place in Burma.

Background:

The BRAVE Burma Act requires the President to determine, on an annual basis, whether to impose stronger blocking sanctions on Myanma Oil and Gas Enterprise, Myanma Economic Bank, and foreign persons operating in the jet fuel sector of the Burmese economy.

Additionally, BRAVE Burma Act would require the Secretary of the Treasury to limit any increase in Myanmar’s influence at the International Monetary Fund (IMF) as long as it is governed by the military junta. Not only will this prevent Myanmar from gaining in voting power, but it will also limit the junta’s ability to borrow from the IMF. Lastly, this bill appoints a Senate-approved Special Envoy for Burma at the Department of State. The goal of this position is to develop a comprehensive strategy for implementing the full range of US diplomatic capabilities to promote human rights and the restoration of a civilian government in Burma.  

Congressman Huizenga established the first-ever Congressional Burma Caucus on February 1, 2024, to coincide with the three-year anniversary of the military coup in Burma. This caucus was created to bolster congressional support for the Burmese people in their fight for democracy and human rights against the brutal military junta. Congressman Huizenga serves as the Republican Co-Chair alongside Democrat Co-Chair Betty McCollum of Minnesota.

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