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itake 14 hours ago

The big beautiful bill included a 1% foreign remittance tax for outbound international transfers funded using physical cash, money orders, and cashier's checks.

9 hours ago | parent | next [-]
[deleted]
LadyCailin 9 hours ago | parent | prev [-]

Which notably, doesn’t affect money transfers in general, just ways that poor people transfer money, so the concern as stated is not in good faith at all, but rather a way to further punish migrant workers, primarily Mexicans, and is absolutely racial animosity.

account42 8 hours ago | parent [-]

You could also say it affects money transfers that can be used to avoid taxing that money in the US.

paulryanrogers 7 hours ago | parent [-]

Yet strangely not cryptocurrency or bank transfers