Posted on 01/10/2017 2:24:46 PM PST by SeekAndFind
Mexico has insisted it won't pay for President-elect Trump's promised border wall, but Mexicans living in the United States might.
Trump has been accused of breaking a key campaign promise by asking Congress to fund the wall through the appropriations process. He had vowed to build the "big, beautiful wall" along the U.S.-Mexican border at Mexico's expense and is still suggesting funds appropriated by Congress for the wall will be reimbursed at a later date.
It became a call and response during Trump campaign rallies. Supporters would chant "Build the wall!" and the candidate would ask, "Who's going to pay for it?" The crowd would roar back, "Mexico!"
The use of the congressional appropriations process for security fence construction doesn't preclude some efforts to make Mexico pay. One idea that is still on the table is taxing remittances, the money immigrants in the United States send to their relatives back home, and using the money for the wall.
Taxing remittances might provide enough money to fund lower-end cost estimates for the wall, although it is difficult to know because the tax would likely reduce remittances or drive them underground, making it hard for the U.S. to use that money to fund a massive project some say will cost $38 billion. One Republican congressional aide described discussions as "ongoing" with no set details about tax rates or collection practices.
Remittances to Mexico saw their biggest gains in a decade after Trump was elected, and totaled just under $2.4 billion in November 2016. A Reuters analysis concluded this was a nearly 25 percent jump from a year earlier.
Major Mexican financial institution BBVA Bancomer forecast that Mexicans living in the United States sent a record $27 billion home last year, up $2 billion from 2015.
(Excerpt) Read more at washingtonexaminer.com ...
It will be the best investment we have made in our country in 70 years!
You know, that’s not really Spanish.
How am I doin' so far?
Cual es la diferencia?
What a crock. Build the wall now and twist the arm for payment later.
If you place a tax on remittances to Mexico, entities will be established in third countries to transfer the money.
For example, if I want to sent my son money who is vacationing in Mexico, I will send the money to a bank in Canada and then they will sent the money to my son in Mexico.
The tax will be avoided and it will be legal.
We need to start building the wall and beef up security with hundreds of more reservists to plug up some of the current hot spots. We need to build more detention camps rather than catch and release.
You think a lot of illegals aliens have relatives in Canada, do you?
The U.S. May front the money, but you can bet the U.S. will recoup
that money with Trump as President. One way or another.
Normally I would expect any government project to be years late and over budget. But this is Trump, so my guess is finished early and under budget. And Mexico will pay in the end, one way or another.
6 one way, half a dozen the other.
All the illegals who voted were paid $50 for each time they voted plus the money they made rioting and "protesting", so naturally there's a big bulge in the amount they have to send home.
Oh, Mexico will be paying...
The will be writing checks by way of jobs relocating back to America. By taxes on remittances, by import/export policy, by having fewer of their problems come across the border...
Considering all the taxpayer dollars wasted every second on useless crap (including funding countries that hate us), and acknowledging the serious risk of unknown persons crossing our border... I really don’t even care if Mexico pays. This needs to get done ASAP.
The will be writing checks by way of jobs relocating back to America. By taxes on remittances, by import/export policy, by having fewer of their problems come across the border...
Yep. Fewer Mexican felons in US jails. Big bucks right there.
Pass a law taxing remittances to Mexico then within 48 hours the airwaves will be filled with ads from companies offering, for a small fee, to route those remittances to Mexico via a third country like Canada or Belize or Jamaica or what have you. And the law will be bypassed.
Do you only post comments designed to tempt other FReepers to kick your butt?
/rhetorical>
CC
I probably used the wrong word forms. Still trying to learn.
If you have a spare moment, how could I have said it better in Spanish?
To all my snowflake Hispanic pals..”NI MODO!!” Karma sucks!! Lol!
Let’s divert the $700 million that Obama has been gifting Iran each month into wall construction.
Sweet!
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