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03-30-2017, 02:32 PM #1
GOP says border wall funds should come from immigrants in U.S.
By Seth McLaughlin and Stephen Dinan - The Washington Times - Updated: 1:30 p.m. on Thursday, March 30, 2017
A group of House Republicans on Thursday introduced the first major bill to fund President Trump’s border wall, saying the government could collect billions of dollars by imposing a 2 percent fee on all the money Mexicans and other immigrants send back home.
Estimates vary, but remittances from those in the U.S. to their relatives back home could top $130 billion a year. A 2 percent tax could net more than $2 billion a year, if it applied to all money regardless of who’s sending it.
“This bill is simple — anyone who sends their money to countries that benefit from our porous borders and illegal immigration should be responsible for providing some of the funds needed to complete the wall,” Rep. Mike Rogers, Alabama Republican, said in a statement. “This bill keeps money in the American economy, and most importantly, it creates a funding stream to build the wall.”
Mr. Rogers and Rep. Lou Barletta of Pennsylvania are leading the effort.
Mr. Trump has vowed to make Mexico foot the bill for his border wall, but Mexican authorities have said they won’t play along.
Left without a funding source, he’s said American taxpayers will pick up the tab for now, and he’ll look for ways to soak Mexico in the long run.
The bill’s sponsors said remittances top $50 billion. A Pew Research Center analysis put the figure at $133 billion in 2015.
Mexico is one of the biggest beneficiaries, with more than $20 billion a year going from the U.S. to its southern neighbor, making it one of Mexico’s top sources of foreign income.
Remittances also account for a huge percentage of the economies of Central American countries.
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