Trump's 1 Percent Tax on Money Immigrants Send Home Is a Tax on the Global Poor

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Trump's 1 Percent Tax on Money Immigrants Send Home Is a Tax on the Global Poor

reason.com/2025/09/08/taxing-the-poor-globally

President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4. One measure buried deep in the 870-page law imposes a 1 percent tax on remittances—the money that people send to friends and relatives in their home countries. The 1 percent tax applies to all…

This story appeared on reason.com, 2025-09-08 10:00:07.