Mexico City, (EFE) .- The Senate showed his disagreement to a bill, proposed by Republican congressman Jason Smith, who seeks to impose a 5% special tax on sending remittances to people abroad and would affect, among others, Mexican migrants who send money from the United States to Mexico.
This day, legislators of the US Congress, of a republican majority, sought to advance ‘the only, large and beautiful bill’, promoted by Smith in the House of Representatives, which includes a series of fiscal measures.
Among other points, the project stipulates a 5% tax on remittances, which would fall on the issuer. This would affect a large number of migrants in the country who send money to their families outside the US.
“From the Senate of the Republic we express our disagreement with the proposal that seeks to tax 5% the remittances sent by our countrymen in the US. We call to value the honest effort of those who contribute so much to the US and Mexican economy,” said the Senate in a message on social networks.
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While in a statement, the Senate stressed that, in the United States, “all workers, beyond their immigration status, daily pay their taxes, so this measure would mean an unfair double taxation” on that 20% of the labor income of migrant workers who, we reiterate, already taxed, leave the country.
He also said that these taxes “do not translate into a social expense for the population group that generates them, in many cases unable to access social policies” and said that the remaining 80%, that is, “most of their income, remains in the US economy, improving the well -being of those who live there.”
Therefore, the Senate made a call “to the measurement” before this proposal, since technical projections carried out demonstrate that the imposition of a tax or tariff on remittances “would only discourage the use of regular and formal roads, orille to many migrants to look for alternatives outside the financial system to send money to their families.”
The text recalled that remittances are the result of the effort of those who, through their honest work, “strengthen not only the Mexican economy, but also that of the United States, so we consider this measure as arbitrary and unfair.”
In addition, he called on the US legislative “to reconsider this proposal reflexively, who would damage the economy of both nations” and that is contrary to the spirit of economic freedom that claims to defend the United States government, and that permeates in the free trade agreements of North America.
Mexico received 14,269 million dollars in remittances in the first quarter of 2025, an annual rise of 1.3%, while revenues rebound 2.7% in March, after a reduction in February, the first full month of the presidency of Donald Trump in the United States, origin of almost all these shipments and in the middle of the hardening of immigration policies in the neighbor of the north.
The country, where remittances represent almost 4% of the economy, exceeded $ 186 million the $ 14,083 million received in the first three months of 2024, when there was also a historic figure for a similar period, Banco de México (Banxico) reported Friday.
Mexico Hila 11 years of annual remittance increases after finishing 2024 with a record of 64,745 million dollars.
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