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.
22 Articles
22 Articles
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…
Treasury Secretary Scott Bessent moves to ‘cut off’ illegal migrants from tax benefits, cross-border money transfers: ‘No place for you in our financial system’
The Trump administration is working toward cutting illegal migrants off from federal tax benefits and money transfer services, Treasury Secretary Scott Bessent said Friday.
FOX 28 Spokane
KULR-TVTreasury Secretary Bessent outlines benefit changes for undocumented immigrants
WASHINGTON, D.C. – Treasury Secretary Scott Bessent announced that the U.S. Treasury is working to cut off federal benefits to undocumented immigrants under President Donald Trump's directive. Bessent stated that the objective is to preserve these benefits for U.S. citizens. In addition, Bessent mentioned that the Treasury Department will propose new regulations. These regulations will
Miami, Nov 28 (EFE).- U.S. Treasury Secretary Scott Bessent announced this Friday that the government will cut tax benefits for undocumented people and boost the review of remittances following President Donald Trump’s order to stop immigration “from all third world countries.” “Under the order of @POTUS (U.S. President) @realDonaldTrump, we are working to cut the federal benefits of illegal foreigners and preserve them for U.S. citizens,” Besse…
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