Donald Trump’s ‘One Big Beautiful Bill Act’: How Tax on Remittances Are Set to Impact Indians in US

Donald Trump’s ‘One Big Beautiful Bill Act’: How tax on remittances are set to impact Indians in US

The ‘One Big, Beautiful Act’, signed by US President Donald Trump on Friday, says migrants and others who send money abroad would be taxed at 1 percent of the amount of the transfer.

The Big Beautiful Bill Explained: How It Affects Remittances And Indians In America - EBNW Story

What Is the One Big Beautiful Bill? Also known as OBBBA, this sweeping budget reconciliation package passed by the House on May 22, 2025, includes tax extensions, social-program cuts, and border-security funding. Notably, it introduces an excise tax on remittances sent abroad by non-U.S. citizens, alongside provisions to overhaul immigration enforcement. Remittance Tax: From 5% to 1–3.5% Original Proposal: 5% tax on all outbound remittances by …

The "Big Beautiful Bill" or Big Backlash?

The “Big Beautiful Bill” (One Big Beautiful Bill Act) is a sweeping legislative package that reshapes U.S. policy on immigration, income tax, medical care, electric vehicles (EVs), remittances, and artificial intelligence (AI). While supporters tout its focus on economic growth, border security, and fiscal discipline, critics warn of deep social and economic costs. Immigration Massive […] The post The “Big Beautiful Bill” or Big Backlash? appear…