Trump Touts Tax Cuts on Dealer Visit
President Trump kicked off a weeklong public awareness campaign for the 2017 Tax Cuts and Jobs Act with a visit to Nuss Truck and Equipment in Burnsville, Minn.

Dealer Bob Nuss (second from left) welcomed President Donald Trump to a tour of and panel discussion at Nuss Truck and Equipment.
BURNSVILLE, Minn. — On Monday, President Donald Trump visited Nuss Truck and Equipment, a Minneapolis-area retailer of Mack trucks and Volvo construction equipment. The visit kicked off a weeklong public relations campaign the administration organized to raise awareness of the effects of the 2017 Tax Cuts and Jobs Act on American taxpayers and the U.S. economy ahead of Trump’s 2020 reelection bid.
Trump was welcomed by dealer Bob Nuss and participated in an executive roundtable discussion in the dealership’s construction shop.
“You know, I used to stand up and say, ‘We’re going to cut your taxes.’ Well, we cut your taxes. Biggest tax cut in history. ‘We’re going to give you ANWR.’ I gave you ANWR,” Trump said, referring to his support of drilling for natural resources in the Arctic National Wildlife Refuge. “That hasn’t been done. Everyone has been trying to do that since Ronald Reagan.”
Trump said his administration’s policies saved Minnesotans a total of $5 billion in federal income tax in 2018 and helped the state add 7,500 new jobs in the mining, logging, and construction industries.
“And the average Minnesotan has seen an annual income gain of more than $1,700 since my election. So you’re up $1,700, and some are up tremendously more than that.”
The nonpartisan Tax Policy Center reported the middle one-fifth of U.S. income earners enjoyed an average tax cut of $1,090 in 2018 while the top 1% benefited by an average of $62,000. The U.S. Congressional Budget Office projected the federal deficit to hit $1 trillion by 2020 following a budget shortfall of $779 billion in 2018, a 17% increase from the prior year, partly as a result of reduced income tax revenue.
Although the TPC calculated about two-thirds of American taxpayers enjoyed some relief in 2018, polls conducted by Reuters/Ipsos in March and NBC/The Wall Street Journal in April found only 21% and 17% of respondents, respectively, believed their federal tax liability had been reduced.
Originally posted on Auto Dealer Today
More Auto Finance

Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →
Auto Credit More Plentiful
Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
Read More →
Auto Loans Long as Stretch Limos
More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.
Read More →
AutoPayPlus Launches RePayPlus
The reinsured biweekly payment program offers auto dealers with customer retention and reinsurance structure.
Read More →