Top Wall Street bankers and executives have expressed concern that the Republican-led tax bill currently moving through Congress could worsen investor anxiety, raise borrowing costs in the US bond market, and harm the broader economy. Over a dozen individuals familiar with the matter have privately warned the Trump administration about these potential risks. Despite this, White House officials believe that the bankers’ concerns are exaggerated and dismiss the expected revenue gains from President Trump’s tariffs.
Source: https://www.washingtonpost.com/business/2025/05/31/wall-street-warns-trump-tax-bill