Posted on 01/02/2018 5:15:07 PM PST by davikkm
Individuals outside of Mexico who sent money home in 2017 broke all prior records with more than $26.1 billion in 11 months. The latest figures from Mexico’s Central Bank (Banxico) show 2017 being a record-breaking year for receiving remittances by Mexicans abroad. From January to November 2017, Mexicans sent $26,167,00,000, the highest figure to date. In 2016, another record-setting year, Mexicans sent $24.1 billion. Banxico reports that 97 percent of the funds sent to Mexico came through wire transfers. Mexico’s second largest source of income was the export of oil for $18.5 billion in the first 10 months of 2017.
According to CNN Money, the broken records reflected a weakening of the peso and an alleged threat by the Trump Administration to tax remittances.
(Excerpt) Read more at breitbart.com ...
Goodness gracious this makes me sick to my stomach that our politicians have sold us down the road for the past 50 years. Time for Mexico to Ante up. No DACA. No fraking Amnesty. Build the Wall. End chain migration and Anchor babies!!
This is a shameful transfer of U.S. Taxpayer wealth to Mexico!
TAX, TAX, TAX REMITTANCE PAYMENTS to Mexico and build the damn wall already.
Treasury seize the transfers and require the sender to prove the legitimacy of the transfer. Legally earned, properly taxed, legally entitled to be present in America, proved in person at local ICE office.
Tax it already!!
Lots of this needs to be clawed back now for the parasites here now and the wall
Can this be done by EO or must it be a law?
Tax it.....50%
Simply impose a tax and BUILD THE DAMNED WALL ALREADY!!
Wow. That’s sucking a lot of money out of the country. Add to it the money they cost for education, benefits, medical, welfare, etc. That wall will be paid for a hundred times over with the savings. I hope President Trump is slapping a big tax on money leaving the country.
What percentage of this is from legal immigrants vs illegal immigrants?
Let’s request a people’s choice award!
Bush League Republicans want to help Mexicans continue to rip off the American people.
They have refused to mandate e-verify for employment and benefits.
They have refused to support border security and enforcement.
Western Union charges $8 per wire transfer. What a racket!
Rubio made sure that the tax bill allowed illegal aliens to continue to receive Treasury checks for the child tax credit.
There should be a 40% tax on all remittances individual to individual in any country outside of the United States.
Hmmm...
That’s a tidy sum you have there...
You don’t mind if I use a little bit of it to build something, do you?
Build Kate’s wall
$1.35 billion per year at 5%.
Plus 100% deportation before 2018 elections. Nothing else is as important...IMHO
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