Impact of Remittances on Illegal Immigration and Economy
Remittances from Mexican workers to their country dropped sharply, blamed on U.S. labor market issues. A proposed tax on remittances by President Trump is a contentious issue. Remittances are seen as a magnet for illegal immigration, with some advocating for tighter control.
Key Points
- Sharp drop in remittances from Mexican workers
- Proposed tax on remittances by President Trump
- Debate on the impact of remittances on illegal immigration
- Challenges in tracking and controlling remittances
Pros
- Proposed tax on remittances could generate revenue for the U.S. Treasury.
Cons
- Remittances play a significant role in reducing irregular migration.