US EditionOne Big, Beautiful Bill Act: How New US Law Impacts NRIs Sending Money To India
- The "One Big, Beautiful Bill Act" was signed into law by US President Donald Trump, impacting tax and immigration policies.
- The bill includes substantial funding for immigration enforcement, including $150 billion over four years, and aims to increase deportations from around 650 to as many as 3,000 daily.
- Originally, a 5% remittance tax was proposed, which was later reduced to 3.5%. The current law imposes a 1% tax on remittances, which could increase financial pressure on Indian immigrants.
- Experts warn the new tax may deter non-resident Indians from sending money back to India, affecting household incomes and foreign exchange inflows.
13 Articles
13 Articles
‘Complete garbage’: GOP uses gimmick to make Trump’s awful spending bill seem like it’s not so bad
Republicans managed to pass Donald Trump’s One Big Beautiful Bill Act – but few people seem to really be happy about it. A lot of concerns have been raised about how it would cause the deficit to swell. The GOP’s solution? An accounting gimmick that would mask the trillions of dollars that the bill would actually cost so that its members can have some political cover to vote for it. The whole thing is “complete garbage,” says MaddowBlog writer S…
Donald Trump has achieved great political success by passing Congress in record time his “big and beautiful” law, a compendium of disparate measures with which he aspires to reform the economy. They are more than a thousand pages, barely discussed in the two chambers. Washington’s legislators have once again followed Nancy Pelosi’s maxim, “first we approve them and then we debate them.” Their implementation will have enormous complexity, being p…
How will Trump’s ‘One Big Beautiful Bill’ impact NRIs?
One of the most closely watched provisions for the Indian diaspora has been the proposed remittance tax. In its original form, the bill sought to impose a 5% tax on all international money transfers made by non-US citizens, including H-1B visa holders, green card holders, and other non-immigrant residents.
From the Extremist Centre Comes a Big Beautiful Delusion: Why the US Won’t Learn from Denmark’s Fiscal Success
The sheer mathematical impossibility of American fiscal policy never ceases to amaze me. Here we have the world’s largest economy, blessed with extraordinary dynamism and innovation, yet trapped in a consensus so delusional it would make a Danish politician from the 1970s blush. And I should know—I lived through Denmark’s fiscal crisis as a child, watching inflation destroy savings and unemployment ravaging communities. The latest “One Big Beaut…
Trump’s ‘Big Beautiful Bill’ Passed, What It Means For Indians Sending Money, Investing Or Moving To The US
Trump’s new 900-page law will affect Indians living in or moving to the US—from higher remittance charges and legal fees to tighter border rules and deportation efforts. Some changes take effect from January 2026.
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