Mexico is concerned that remittances from the USA might be taxed.
Yahoo News: Claudia Sheinbaum denounces proposed US remittance tax as ‘unacceptable’
El Paso Times: "This is worrying": Remittance tax would take money needed to support migrant families
The tax of 3.5% (and it should be more, the originally proposed 5% would have been a decent start) would hit the $64.7 billion sent to Mexico from the USA and raise two and a quarter billion dollars to the treasury, helping defray some of the costs imposed by illegals.
This was one of Trump's failures in his first term - had he pushed for, and imposed a tax on remittances then, Mexico really would have paid for the wall.
The remittance tax needs to become a law.
2 comments:
Surprised Trump hasn't done that yet.................
Matthew W: Yep, I was very surprised he didn't propose and get it done in his first term. With any luck it'll get passed into law shortly - better late than never.
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