Your World, Fully Explored.
Published loading...Updated

Proposed US Remittance Tax Is Unconstitutional, Sheinbaum Says: Thursday's Mañanera Recapped

  • Mexican President Claudia Sheinbaum condemned the proposed 5% U.S. Tax on remittances sent by immigrants on May 16, 2025, citing legal and constitutional issues.
  • The tax proposal aims to fund U.S. Border security and tax cuts but conflicts with the 1994 Mexico-U.S. Tax treaty, risking double taxation and fiscal discrimination.
  • Mexico receives about US$65 billion annually in remittances, which represent nearly 4% of its GDP, and the first quarter of 2025 saw a 1.3% increase to US$14.3 billion.
  • Sheinbaum urged Mexicans in the U.S. To contact Congress opposing the tax, stating it is unconstitutional and that those sending money already pay taxes in the U.S.
  • The Mexican Senate opposes the proposal and may send senators to discuss the issue with U.S. Lawmakers, reflecting bilateral concerns about impacts on migrants and remittance flows.
Insights by Ground AI
Does this summary seem wrong?

33 Articles

All
Left
8
Center
1
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 89% of the sources lean Left
89% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Mexico News Daily broke the news in Mexico on Friday, May 16, 2025.
Sources are mostly out of (0)