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Mexico’s president ramps up opposition to proposed U.S. remittance tax

Mexican President Claudia Sheinbaum said Friday her government will send another diplomatic mission to the United States to oppose a proposed 3.5 percent tax on remittances, warning the measure would severely impact millions of Mexican nationals living abroad.

Speaking at her daily press conference, Sheinbaum rejected the proposal passed Thursday by the U.S. House of Representatives and urged the Mexican community in the United States to mobilize against it.

“Say no to a remittance tax,” she said. “Another team will travel next week to speak with U.S. senators and our community across the border to keep working to stop this.”

The remittance tax, initially proposed at 5 percent and later revised to 3.5 percent, now moves to the U.S. Senate for consideration.

Sheinbaum encouraged Mexicans in the United States to write letters and use social media to urge senators to reject the measure.

In 2024, Mexico received a record 62.5 billion U.S. dollars in remittances from an estimated 8 million Mexican nationals in the United States. Analysts warn the tax could drive migrants to use informal or illegal channels to send money home, increasing risks and fueling a gray market.

Xinhua

 

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