A group of House Republicans on Thursday introduced the first major bill to fund President Trump’s border wall, saying the government could collect billions of dollars by imposing a 2 percent fee on all the money Mexicans and other immigrants send back home.
Estimates vary, but remittances from those in the U.S. to their relatives back home could top $130 billion a year. A 2 percent tax could net more than $2 billion a year if it applied to all money regardless of who’s sending it.
“This bill is simple — anyone who sends their money to countries that benefit from our porous borders and illegal immigration should be responsible for providing some of the funds needed to complete the wall,” Rep. Mike Rogers, Alabama Republican, said in a statement. “This bill keeps money in the American economy, and most importantly, it creates a funding stream to build the wall.”
Mr. Rogers and Rep. Lou Barletta of Pennsylvania are leading the effort.
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12 comments:
Our local sales tax is 6.5% - that's a better number!
10% would be a better number.
Umm no it's 6% my friend
Not a fan of Taxes but in this case I think it is a great idea. Make it at least equal to the average State sales tax. Go Trump
This should have always been the case except for the tax should be 10% since the money is being taken out of the US economy and 20% if they are illegals sending it out.
Damn right they come here break laws and skirt the tax system get free stuff time to pay up.
I suggested a 10% wire transfer tax last year. No brainer, they tax everything else !
Just adding more burden to poor working people.
Social security tax is 12.4% Federal income tax is minimum 10%
So I think the MINIMUM tax charges these out of country transfers should be 25%
needs to be 10%
10% and also a conversion fee, transfer fee, and accumulated wealth fee, all totaling 25% going right to wall construction!
Tax the Botox Pelosi uses......
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