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7mo ago

Trump Promises Tax Deduction for Generators in Storm-Hit States if Elected

The former president pledges a tax break for home generator purchases in disaster-affected areas, contingent on winning the 2024 election.

Republican presidential nominee and former U.S. President Donald Trump addresses the Detroit Economic Club in Detroit, Michigan, U.S., October 10, 2024. REUTERS/Rebecca Cook/File Photo
Republican presidential nominee, former U.S. President Donald Trump, speaks at a rally at the Gaylord Rockies Resort and Convention Center

Overview

  • Donald Trump announced a plan to make home generators tax deductible for residents in states affected by natural disasters.
  • The proposed tax deduction would apply to generators purchased between September 1, 2024, and August 31, 2025.
  • States mentioned include North Carolina, Georgia, Florida, Alabama, South Carolina, Tennessee, Louisiana, and Texas.
  • Trump's announcement criticizes the current federal response to natural disasters, specifically targeting President Biden and Vice President Harris.
  • The tax deduction proposal is part of Trump's campaign promises as he seeks re-election in the upcoming November presidential election.