Report: Migrants’ Remittances Drain $150 Billion a Year from Economy

Breitbart ^ | 22 May 2019 | NEIL MUNRO

[detective]

Legal and illegal migrants send $150 billion in untaxed funds back to their homelands each year, denying the remittances to Americans and their communities, according to a Federation for American Immigration Reform (FAIR) report.

The United States’s “generous and lax immigration policies have led billions of dollars to flow out of our economy untaxed, which is a disservice to Americans,” said a statement FAIR President Dan Stein made about the remittances. “When our country urgently needs tax revenue to improve physical and societal infrastructure programs, it’s imperative to address this drain on our resources immediately.”

The exported funds should be taxed, partly because a tax would help reduce the amount of exported funds, said FAIR’s report:

[detective]

It is bad enough that American taxpayers are being asked to provide welfare for foreign nationals in the United States. It adds insult to injury when our state, local and federal governments allow income that could be taxed to reduce some of the costs associated with unchecked mass migration to simply flow out of the U.S. economy and into foreign pockets.

[NonValueAdded]

Major income for the remittance facilitators. A review of their campaign contributions would be illustrative. And hom much geys skimmed at the receiving end would also open some eyes. And, of course, it’s all declared income /DrippingSarc

[Oscar in Batangas]

“Migrants’ Remittances Drain $150 Billion a Year from Economy”

But Nancy & Chuckies’ groupies want to make up for it with volume

[Mr. K]

Put a 50% tax on they’ll build the wall for us.

[LouAvul]

And this is what it's about, wealth redistribution. Why Soros is paying for this invasion force in the first place, viz. if we're going to be hard nosed and not willingly give trillions to third world low level hacks, we'll just have to give it to the third world invasion.

And Congress is fine with that. It's not their money, after all.

[EQAndyBuzz]

“Put a 50% tax on they’ll build the wall for us.”

Let’s be fair. Taxing them at 28% works. And if they are in a state with an income tax, those states can take their share.

[CMSMC]

I’m surprised the Dems haven’t already thought about taxing it. Big potential here that we need to tell them about!

[Two Kids' Dad]

Just one year’s worth would pay for a big, glorious wall and lots of security.

[VTenigma]

This is un-possible. the RINO’S and demonicrats have told us for years illegal immigrants are a net positive for the economy. Fake news!

[USFRIENDINVICTORIA]

“The exported funds should be taxed ....”

Cautionary note: Foreign exchange controls do not have a good track record. All sorts of unintended consequences could result. For instance, limits on the amount of money citizens can “export” for tourism, in foreign countries. Remittances, and spending on foreign tourism have similar economic effects. The Law of Unintended Consequences always prevails.

[eyeamok]

That is only Half the equation, American Taxpayers fork over $150 Billion a Year to SUPPORT them to boot!!

[proust]

bump