NOT FOR REPRINT
Surging Rates Stoke GOP Tensions on Paying for Tax Cut
News January 17, 2025 at 01:30 PM
Share & Print
What You Need To Know
- The mood today is starkly different from 2017, when a deficit-expanding tax cut was passed.
- Yields on benchmark 10-year Treasury notes touched 4.8% this week, double what investors demanded just before Trump started his first term.
- Higher long-term rates add to the cost of the government’s debt-servicing payments.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer
Recently Updated Q&As
Can a taxpayer deduct business-related transportation expenses incurred when the taxpayer is not travelling away from home on business?
Get Answer