Trump ‘reverse Robin Hood’ tax bill is driving up the cost of buying a home, Democrats say

• The cost of mortgage for 30 years It infiltrated levels that have not been seen since February, which reflects the fears of the bond market about Trump’s plan to pay the price of tax cuts with an estimated $ 3.8 trillion of new debts. “Trump and the Republicans are directly responsible for the rise in the return of the treasury bonds for 30 years and the mortgage rates,” said Ted Liu, the fourth highest democratic in the House of Representatives.

Democrats say that the proposed tax bill for President Trump is responsible for increasing the cost of owning a house as bond markets rebelled in exchange for the possibility of trillion dollars in the new borrowing added to the top of the national debt.

The average cost of the firm mortgage for 30 years-which closely tracks the treasury revenue-6.86 % this week, according to the US-owned real estate lender data. It is the highest since mid -February when Trump has yet to shine fears of the recession with his sharp definitions.

“Trump and the Republicans are directly responsible for the rise in the return of treasury bonds for 30 years and mortgage rates,” wrote Ted Liu, the fourth highest democratic in the House of Representatives as Vice -Chairman, said:

luckHe arrived at the White House for comment, and it will be updated if he responds.

“This is Robin Hood in the opposite direction.”

The high cost of borrowing from concerns about Trump’s tax discounts stems, which led to a reduction in Moody’s debts to US sovereign debt last week.

It appears that the auction of the Treasury Department, who has been receiving badly for the debts for a long time, proves that the wallet manager of the billionaire hedge fund Paul Tudor Jones proves that the bond markets will suffocate on the Trump agenda to reduce taxes, with funding from the new borrowing.

If the Republicans in the Senate send the draft law to Trump for approval, this may lead to the closure of hospitals and the homes of the elderly sponsorship throughout the country, and many of them in the political rural areas are politically conservative.

“With their tax bill – adding more than $ 4 trillion to national debt to cover the tax break to the richest people in our country,” said Nancy Pelosi, former Speaker of the House of Representatives in the congress Hall.

“This is Robin Hood in the opposite direction: taking the resources in terms of an urgent need, and the people who need them more, and give them to those who do not need them at least.”

UBS warns international investors who will get the money out of the United States market

The mortgage rates were higher, reaching 7.79 % in October 2023, according to Freddy Mac.

However, this climax came shortly after Jay Powell raised the Federal Reserves once to at least 5.25 %.

Starting last September, the FOMC policy committee has since reduced the interest rate of interest overnight by a full percentage. Therefore, the current cost of the fixed mortgage for 30 years remains very high, given the reducing the last federal reserve at the short end of the return curve.

Trump and the Republicans are directly responsible for the rise in the return of the treasury bonds for 30 years and the mortgage rates. https://t.co/amk7gk277b

Ettlieu May 22, 2025

Investors gradually restore their financial risks under the current administration, especially after the years in which money managers have increased the weight of their portfolios in favor of American assets.

UBS expects International investors will reflect 60 % of the fiveIncreased point in the ownership of American stock markets since 2018.

The Swiss bank wrote in a research note on Friday: “We believe that there was a fundamental shift in how institutional investors see their exposure to the United States,” the Swiss bank wrote in a research note on Friday.

“It robs health care for about 14 million Americans”

According to this week’s analysis by the Congress Budget Office, the tax cuts in the bill will add $ 3.8 trillion to the deficit even as it reduced $ 698 billion from Medicaid, providing health care to low -income Americans.

It will also lead to the elimination of 267 billion dollars, which goes to the Federal Extra Nutrition Program (SNAP), also known as Food Stamps.

On the other hand, the debt ceiling will be raised, and the tax cuts will be made in Trump for the year 2017, due to the end of the sunset at the end of this year, permanent.

Other Boons include local SALT (SALT) discounts (SALT) and maintaining the bapa of the benefits that are carried out, which benefit from hedge boxes and family offices, among other professional money managers.

Catherine Clark, a deputy resulting from the minority, said that the resulting debts will confirm future generations.

“It takes away health care for about 14 million Americans, it’s the largest food programs we have seen ever,” Democrat in the House of Representatives said on Thursday. “What we have is an almost similar invoice by the cartoon wicked.”

Even Steve Bannon, a former chief strategy in Trump, warned Republicans not to pass legislation that would harm the Maga base.

This story was originally shown on Fortune.com

2025-05-23 14:00:00