US EditionBessent Clarifies Treasury’s Position on Federal Benefits After White House Shooting
The Treasury aims to enforce tax credit restrictions on unauthorized immigrants starting tax year 2026, aligning with a Justice Department legal opinion and broader immigration enforcement.
- On Friday, Treasury Secretary Scott Bessent said the U.S. Department of the Treasury is working to cut off federal benefits to illegal aliens at President Donald Trump's direction, with final rules taking effect in tax year 2026.
- After the White House shooting, officials said the moves escalate migration restrictions following a Wednesday attack by an Afghan national who entered the U.S. in 2021 under a resettlement program.
- FinCEN issued an alert to financial institutions to prevent unauthorized immigrants from exploiting the system, while money services businesses must file suspicious activity reports for transactions at least $2,000, and Treasury's Office of Tax Policy and the IRS prepare enforcement steps for refundable tax credits.
- Administration officials say the initiative aims to preserve federal benefits for U.S. citizens; the Justice Department's Office of Legal Counsel adopted the underlying interpretation, and Treasury said the plan includes cases approved under former President Joe Biden's administration.
- Bessent warned that `If you're here illegally, there's no place for you in our financial system,` as officials positioned the move amid the administration's broader immigration measures after the White House shooting, with the IRS assisting enforcement.
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The Daily Wire
American Wire NewsTreasury Sec: We’re Cutting Off Benefits To Illegals, They Belong To Americans
Treasury Secretary Scott Bessent said on Friday that he’s working to cut off federal benefits to people in the United States illegally, emphasizing that those benefits should be preserved for American citizens.“At [President Donald Trump]‘s direction, we are working to cut off federal benefits to illegal aliens and preserve them for U.S. citizens,” Bessent posted to X on Friday. “[The United States Treasury] announced that it will issue proposed…
Treasury Working to Cut Benefits and Money Transfers for Illegal Aliens: 'There’s No Place for You in Our Financial System'
Treasury Secretary Scott Bessent announced on Friday that the Trump administration is moving aggressively to deny federal tax benefits and suspicious money transfers for illegal aliens.
Treasury Department Working to ‘Cut Off Federal Benefits to Illegal Aliens’
The Trump administration is working on a plan to stop illegal immigrants from receiving federal benefits. “We are working to cut off federal benefits to illegal aliens and preserve them for U.S. citizens,” Treasury Secretary Scott Bessent confirmed in a X post on Nov. 28. Bessent stated there was “no place” for anybody in America illegally in the nation’s financial system. He added that the Treasury Department, “announced that it will issue prop…
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