Payment tax in “ One Big, Beautiful Bill ” to have a major impact on immigration

The version of the Senate of “One Big, Beau Bill” includes a small 1% tax on international cash transfers – called tax on versions – which, according to experts, will have a major impact on immigrants working in the United States

A transfer is a transfer of money to another country outside the United States, which is a common practice among immigrant workers who refer part of their salary to the family to their country of origin. Dozens of billions of dollars of funds are sent each year to other countries in the United States.

The previous versions of the bill included higher tax rates and specifically targeted illegal immigrants sending money outside the United States, the current version of the “large and beautiful bill”, however, imposes costs of 1% only to cash transfers, and not to electronic transfers, sent to other countries. American citizens who wish to send money to other countries will also be subject to the 1%tax.

The tax should generate $ 10 billion in additional income for the federal government, according to an estimate made by Politico.

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While the House of Representatives Debate of the Bill Bill, Experts say that a provision taxing sending funds sent to other countries could have a major impact on immigration to the United States (Eric Lee / Bloomberg via Getty Images and Getty)

In addition to generating additional income, Lora Ries, director of the Border Security and Immigration Center of the Heritage Foundation, told Fox News Digital that the tax on versions had the potential to discourage illegal immigration to the United States by making money more difficult.

“The illegal extraterrestrials generally want five things when they come to the United States: enter, stay here, work, send money to the house (funds) and bring the family and / or have children here,” she said. “Plip these five things and you prevent illegal immigration and encourage self-carrying.”

The administration pushed hard for illegal immigrants to be self-reported, to encourage them by offering the front of commercial flights and providing an allowance of $ 1,000 to those who opt to self-care. Ries said that the tax on funding could be another effective strategy in addition to ice raids that could help repress illegal immigration to the country and reduce the number of illegal immigrants in the United States

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The DHS made the first return flight to the project to take 64 illegal immigrants who chose to be retarked in their country of origin in May. (Department of Internal Security)

Ries, however, said that the 1% should be much higher to be effective.

“A 1% tax only on cash transfers is very little. The tax should be much higher and cover all types of money transfers,” she said.

“So far, the US government has not touched the billions of dollars annually leaving the country, without benefiting the US economy,” she continued. “Shipments of funds should be imposed to discourage unauthorized employment and its earnings.”

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A family of five pretending to come from Guatemala and a man declaring that he was from Peru, in a pink shirt, crosses the desert after crossing the border wall in the Tucson sector of the American-Mexican border, on Tuesday August 29, 2023, in the national monument of the organ cacting near Lukeville, Arizona. (Matt York / AP Photo)

Meanwhile, Ariel Ruiz Soto, a main analyst of policies at the Migration Policy Institute, told Fox News Digital that he considers that the tax on funding will have a significant impact, it may not be in the way the Trump administration hopes.

He argued that the discouragement of funds to countries like El Salvador, Guatemala and Honduras – where such payments represent more than 20% of GDP – could actually lead to more migration of these nations.

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“If you are Honduras, if you are El Salvador and Guatemala, even a 1%tax, if it decreases funds, could in fact be a significant assessment in the development of these countries,” he said. “If the remains should really decrease considerably, this could potentially turn against President Trump’s program to reduce irregular migration because he could really make circumstances, economic circumstances in these more difficult countries and stimulate new irregular immigration in the future.”

The House of Representatives is currently considering the version of the Senate of “Big and Beautiful Bill”.