Don't Just Read the News, Understand It.
Published loading...Updated

Funds from migrants sent back home help fuel some towns' economies. A GOP plan targets that

  • In 2023, House Republicans introduced a provision in a major bill that would impose a 5% tax on money sent abroad by more than 40 million noncitizens, including those with green cards and various work visas.
  • The tax aims to reduce illegal immigration and cartel funding by penalizing illicit financial flows, following a similar Oklahoma tax passed in 2009.
  • Remittances, totaling $656 billion globally in 2023 and $63.3 billion from Mexican migrants alone, sustain poorer towns like Cajolá, Guatemala, supporting families and local businesses.
  • Experts and local leaders warn that taxing or restricting remittances could harm receiving communities, increase migration pressures, and negatively impact U.S. national interests.
  • The proposed measures face criticism for risking economic damage both abroad and in the U.S., prompting calls for reconsideration from Mexican officials and migration experts.
Insights by Ground AI
Does this summary seem wrong?

70 Articles

All
Left
6
Center
50
Right
3
Montana StandardMontana Standard
+31 Reposted by 31 other sources
Center

Funds migrants send home help fuel some towns' economies. A GOP plan targets that

Some critics says limiting or taxing remittances could damage communities that rely on them, prove burdensome to American citizens and end up causing even more illegal migration.

Read Full Article

The entire life of Israel Vail in the small town of Cajolá, in western Guatemala, is built thanks to the money that its three children send home from the United States. The money of their construction work paid for the two-story white house where Vail now lives, and where his children, who are without permission in the United States, would also reside if they were ever deported. Vail, 53, invested part of the money in opening a local grocery sto…

·Washington, United States
Read Full Article
Lean Right

Gray streets, concrete poles and dust falling after an excavator has sunk its teeth into a mountain of gravel. A stone's throw from the central square of Tultepec, a grimy town an hour's drive from Mexico City, construction is booming. They are Zabdiel Dominguez's neighbors, who are having an extra room added to their house thanks to money from family in the US. Few in Tultepec can afford such a luxury: the Mexican economy is already struggling …

·Netherlands
Read Full Article
Associated Press NewsAssociated Press News
+32 Reposted by 32 other sources
Lean Left

Funds from migrants sent back home help fuel some towns' economies. A GOP plan targets that

House Republicans have included in President Donald Trump's big priority bill a 5% excise tax on some of the funds sent by migrant workers back to their home countries.

·United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 85% of the sources are Center
85% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Independent broke the news in London, United Kingdom on Wednesday, May 14, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.

Join millions of well-informed readers who use Ground to compare coverage, check their news blindspots, and challenge their worldview.