Trump, Tax Bill
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The cost for a 30-year fixed-rate mortgage crept up to levels not seen since February, reflecting bond market fears over Trump’s plan to pay for tax cuts with an estimated $3.8 trillion in new debt. “Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,
Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.
Republicans made several eleventh-hour changes to their massive tax cut and immigration bill as they tried to win over GOP holdouts and pass the bill through the House. The revisions were unveiled late Wednesday evening,