In the News | Bankrate
Trump’s election sends bond market falling: Is this a good time to sell long-term bonds?
Michael Wronsky, director of Baker Tilly’s Washington Tax Council, shares insights with Bankrate on the potential fiscal impacts of extending the 2017 Tax Cuts and Jobs Act (TCJA). As U.S. debt costs rise, long-term interest rates associated with deficit spending to extend the TCJA could put additional strain on federal budgets. Wronsky notes that while a temporary tax cut extension is more likely than a permanent one, the implications for government spending and market stability remain significant.
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