Trump wants stealth tax on world’s poor

President Trump’s One Big, Beautiful Bill Act wants to tax cash sent
home by migrant workers in the U.S., striking a blow to millions
of people living in low- and middle-income countries

ESTIMATED LOSS TO LOW AND MIDDLE INCOME COUNTRIES
OF U.S. REMITTANCE TAX AND USAID CUTS ($ millions)

KEY
Remittance tax
USAID cuts
Total losses

Mexico
Guatemala
India
Philippines
El Salvador
China
Honduras
Colombia
Dominican Rep.
Nigeria
Vietnam
Haiti
Ecuador
Jamaica

2,605
53
2,658

697
90
787

587
111
698

477
104
581

332
150
482

471
9
480

294
167
461

151
309
460

394
27
421

215
178
393

293
64
357

102
164
266

107
53
160

134
11
145

3.5%
TAX RATE

Immigrants to pay additional 3.5%
federal tax on top of roughly 6%
they pay banks and remittance
companies like Western Union
to send money abroad – almost
$10 out of every $100

How Trump presents
bill on White House
website

Sources: New York Times, Center for Global Development, The White House
Picture: White House
© GRAPHIC NEWS