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Keyword: remittancefee

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  • Report: White House Weighing Mexican Remittance Fee To Pay for Southern Security Wall

    08/31/2017 2:13:10 PM PDT · by detective · 46 replies
    Conservative Treehouse ^ | August 31, 2017 | Sundance
    This is a little funny.  Back in 2015 we originally shared an easy peasy way to pay for the border wall by charging a 4% remittance fee on wire transfers to Mexico.  With more than $25 billion (2015) in Western Union transfers, more than Mexico’s entire oil and energy sector combined, a 4% U.S. surcharge on remittances creates $1 billion revenue annually. The U.S. Treasury already has a similar process in place for Cuban Remittances and Western Union compliance affidavits.  The remittances to Mexico have now jumped to $27 billion in 2016.  Making the remittance fee even more feasible.