Trump threatens Mexico's biggest cash source

CNN ^

[TigerClaws]

Mexico's biggest cash cow is under threat from President Donald Trump.

The country's largest source of cash comes from Mexicans living in the United States. That is now under the microscope after Trump issued an executive order Wednesday to start building a wall on the border.

During his campaign, Trump said multiple times that Mexico will pay for the wall. He even threatened to halt or tax cash transfers -- known as remittances -- from the U.S. to Mexico if the country refused to pay for it. Powered by SmartAsset.com SmartAsset.com

"They will reimburse us for the cost of the wall. That will happen, whether it's a tax or a payment -- probably less likely that it's a payment, but it will happen," Trump said on January 11.

[KC_Lion]

"So CNN finally admits that Mexico has become a Parasite narco corruption state? "

Took the words right of my mouth Grace dear.

It also sounds like CNN admits that this is how Mexico will pay for the wall.

[HiJinx]

vacationing in Mexico and Latin America

I live 15 miles from the nearest border crossing and have never been over there.

[Honorary Serb]

CARTELS seem to be the big issue for Mexico’s president right now!!!!

[ßuddaßudd]

cha ching ,!,

[bigbob]

Yup! And since the main reason most Mexicans (illegal and otherwise) come to the US is to work to make money they can send to their dirt poor families back home, this strategy will make paying for the wall some other way in the best interest of their leaders.

[ifinnegan]

State and USAID: In FY2014, the U.S.Government will partner with Mexico to consolidate and institutionalize the progress made as a result of ongoing bilateral security and environmental cooperation. To support the Global Climate Change (GCC) Presidential Initiative, an environmental partnership with the Government of Mexico (GOM) and other stakeholders will promote clean energy adoption, low carbon development, and sustainable forestry management to reduce greenhouse gas emissions. Security cooperation will continue to be adjusted to reflect shared Mexico-U.S.priorities and the priorities of the new Mexican administration. By weakening transnational criminal organizations, reforming the institutions that sustain the rule of law, creating a 21st century border, and building stronger and more resilient communities, the UnitedStates and Mexico will ensure greater prosperity and growth on both sides of the 2,000 mile shared border. Congressional Budget Justification FY 2014

Mexico was obligated a total of $209M from the United States government in 2012, a decrease of 108% from last year's aid ($436M).

The aid Mexico was obligated is one of the highest amounts for all countries in North America (avg. $31.1M) and significantly higher than average for all countries in the world (avg. $25.9M).

link

[x1stcav]

Not good enough. I want them out of here.

[VRWCarea51]

ALSO eliminating the right to claim EITC for dependents not living in the USA or having a valid SSI#

There are millions that have work permits from mexico and other countries that claim dependents living back in their Turd World Ship Holes we are sending Tax “Refunds” to.

[forgotten man]

Western Union charges a flat fee of $8 to send money to Mexico. Western Union can divert some of those $8 fees to help pay.

[TigerClaws]

Yes. Agree. First step is to stop the welfare for illegals.

[Ray76]

Take it all.

[ConservativeMind]

Make it expensive so they will need to take it back in person.

Get it?

[ImJustAnotherOkie]

I guess that’s why the Mexicans always have greasy fingers. They can never figure out which side of the bread is buttered.

[petercooper]

95% like the Beatles song.

[MAexile]

How about 25%

Nah, keep it low enough that they'll pay it, and not resort to smuggling the cash back over the border.

Don't forget, they've had plenty of practice doing this with drug money.

[ptsal]

tax the remittances

compare the IRS refunds to the addresses on the voting rolls

[Ouderkirk]

You are far too generous...

56.5%

33% federal income tax (Max rate)
15% SS & Medicare
8.5% State tax (Max rate)

They’re here illegally....no reason they shouldn’t pay the max rate

[eyeamok]

Nothing prevents President Trump from Ordering the Treasury Department to immediately stop accepting ALL Federal Reserve Notes and Credits from Mexico. That would FORCE them to Exchange their Federal Reserve Notes for Pesos IN THE USA, that is when we TAX THEM!

[Rusty0604]

Their not supposed to get welfare now, but some states have a don’t ask don’t tell policy, and those in states that do ask the illegals just buy false ID or steal them. And if they steal them the IRS and SS don’t care.

[HLPhat]

>>He even threatened to halt or tax cash transfers — known as remittances -

Haha. WHOOP There it is!