US EditionTrump Administration Proposes 5% Tax on Migrant Remittances Amid Latin American Outcry
- The U.S. House panel responsible for tax legislation, led by Jason Smith, introduced a provision in the "One Big Beautiful Bill" that would impose a 5% levy on money sent abroad by immigrants without U.S. Citizenship.
- The proposal aims to discourage unauthorized migration and raise revenue, but Mexico's President Claudia Sheinbaum and Latin American leaders reject it as unjust and discriminatory double taxation.
- Mexican immigrants send over $60 billion annually in remittances, which support families and local economies in Mexico and other Latin American countries heavily dependent on these funds.
- Experts warn the tax could drive migrants to informal transfer methods, increasing risks and reducing transparency, while migrants might absorb or raise the amounts sent rather than reducing remittances.
- If enacted, the tax could harm millions of families, worsen economic conditions in recipient countries, and intensify migration pressures, while the bill still requires approval by both chambers to take effect in 2026.
100 Articles
100 Articles
Trump's latest outrage against foreign workers
MEXICO CITY -- Mexico’s president has said President Donald Trump's proposal to tax all #remittances sent by migrants from the United States is absolutely unacceptable. It is a measure that would “harm more than 40 million people and have serious...
Why Is Mexico’s Govt Lobbying Against Trump’s ‘Big, Beautiful Bill?’
PULSE POINTS:What Happened: House Republicans proposed a five percent tax on remittances sent out of the U.S. by non-U.S. citizens, sparking opposition from Mexico. In response, Mexican government officials are lobbying House Republicans in the U.S. to drop the provision from President Donald J. Trump’s budget bill. Who’s Involved: U.S. House Republicans, Mexican Ambassador Esteban Moctezuma Barragán, Mexican President Claudia Sheinbaum, and Pre…
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