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18hon MSN
Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,” said the fourth-highest-ranking House Democrat.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
House Republicans approved President Donald Trump’s sprawling tax and immigration agenda Thursday morning, sending to the Senate legislation that the GOP hopes will transform the federal government and the economy and power the White House’s drive to deport immigrants and build up the military.
President Donald Trump’s signature tax bill narrowly passed the House Thursday morning, advancing a sprawling multi-trillion dollar package that would avert a year-end tax increase at the expense of adding to the US debt burden.
Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.
President Trump's tax plan has sparked concern among investors, driving Treasury bond yields to a nearly two decade high, amid growing worries over U.S. debt.
The House passed a sweeping piece of legislation that will eliminate tax on tips. More Americans oppose it and disapprove of Trump's job performance.
Another spike in Treasury bond yields puts lawmakers in a tricky spot as they push for big cuts that could drastically swell America’s debt pile.