This bill, known as the United States Automobile Consumer Assistance and Relief Act (USA CAR Act), proposes to amend the Internal Revenue Code of 1986 to introduce a new tax deduction. Specifically, it would allow taxpayers to deduct qualified automobile interest from their taxable income. Qualified automobile interest is defined as interest paid or accrued on indebtedness incurred on or after January 1, 2025, for the acquisition of a qualified automobile , where the loan is secured by that vehicle. A qualified automobile is an automobile whose final assembly occurs within the United States by a manufacturer. This aims to incentivize the purchase of domestically assembled vehicles by making the interest on their financing tax-deductible.