GOP Pushes Tax To Pay For Trump Agenda And Depress Illegal Immigration In One Fell Swoop

GOP Pushes Remittance Tax To Pay For Trump Agenda And Disincentivize Illegal Immigration In One Fell Swoop

'Most significant immigration legislation in years'

Republicans eye cash flow of billions of dollars for new tax * WorldNetDaily * by Bob Unruh

Remittances annually deliver 4.5% of Mexico's GDP

GOP Pushes Tax To Pay For Trump Agenda And Depress Illegal Immigration In One Fell Swoop

Republicans are pushing a tax on remittances as part of the party’s mega bill — a move they say could curb illegal immigration and drug smuggling.

Applying a tax on remittances sent from the United States abroad would cause affected migrants to seek alternative channels to send these resources, such as informal ones, asserted the economic analysis area of BBVA Mexico.It projects three alternatives that could be used by the countrymen to avoid the tax: resorting to the support of family members or friends with citizenship or residency in the United States; opting for banking to receive remi…

The proposal to impose a 5% tax on remittances arriving in Mexico from the United States is not just an economic miscalculation: it is a direct blow to the hearts of millions of families. It is also a further demonstration of how the political discourse in Washington continues to use the migrant communities as a currency of change, without considering the human consequences of its decisions. This week, Senator Ruth González Silva, in her capacit…

Taxing Remittances and the Proposal in the US Congress – Inter-American Dialogue

The U.S. Congress included a provision on remittances, that adds a 5 percent tax on money transfers to individuals who are not U.S. citizens. This provision may contradict and adversely disrupt regulations regarding money transfers, which have been effective in preventing financial crimes and ensuring legitimate transactions, such as sending money to family members. Since 9/11, the Patriot Act and subsequent regulations and rules have been an ef…