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Trump Tax Cut Renewal Is Winning Wall Street Despite $4.6T Price Tag
News June 07, 2024 at 03:39 PM
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What You Need To Know
- U.S. debt was 97% of GDP in December, and yields investors demand on 10-year Treasury bonds nearly rose to to 4.3% on Thursday.
- Congress has routinely increased spending and cut tax rates since 2001.
- Some conservatives propose targeting programs favored by Democrats, like Social Security and Medicare, to reduce the deficit.
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