Back to today’s briefing

Story perspectives

Congress Proposes 5% Tax on Remittances to Combat Crime

5/15/2025

35 8

Summary

Story summary

Congress is weighing a 5% tax on remittances from the U.S. to tackle illegal immigration and cartel financing. With remittances soaring to nearly $86 billion in 2023, this measure seeks to reclaim lost revenue for border security while offering tax credits to those who comply. A bold step in the fight against crime and corruption!

1 of 1

Story summary

Congress is weighing a 5% tax on remittances from the U.S. to tackle illegal immigration and cartel financing. With remittances soaring to nearly $86 billion in 2023, this measure seeks to reclaim lost revenue for border security while offering tax credits to those who comply. A bold step in the fight against crime and corruption!