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

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

//house-home.news-articles.net/content/2025/05/2 .. -up-the-cost-of-buying-a-home-democrats-say.html

Published in House and Home on Friday, May 23rd 2025 at 10:49 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

"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.

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The article from Fortune, published on May 23, 2025, discusses the potential impact of a new tax bill proposed by former President Donald Trump on mortgage rates. The bill aims to reinstate certain tax deductions and credits that were eliminated or reduced under previous legislation. According to the article, financial analysts predict that the reintroduction of these tax benefits could lead to an increase in demand for housing, thereby pushing mortgage rates higher. The article also mentions that the proposed changes have sparked a debate among economists, with some arguing that the bill could stimulate economic growth, while others warn of potential inflationary pressures and increased national debt.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/23/trump-tax-bill-mortgage-rates/ ]