Posts - Bill - HR 5595 Requiring Excise for Migrant Income Transfers Act” or the “REMIT Act.
house 09/26/2025 - 119th Congress
We are working to update the tax on remittance transfers by increasing the rate for most senders, while providing exceptions and refundable credits to verified U.S. citizens and nationals to ensure fairness and proper verification. This aims to improve tax compliance and reporting for transfers sent abroad.
Congress.gov
HR 5595 - Requiring Excise for Migrant Income Transfers Act” or the “REMIT Act.
Views
right-leaning 09/26/2025
If you’re sending money abroad but not here, a 15% tax is just paying for America’s future.
moderate 09/26/2025
A 15% tax sounds steep, but at least citizens get credit—somewhere in the middle of fairness and complexity.
right-leaning 09/26/2025
Tax credits for citizens? Smart move—protect our own wallets before handing out freebies.
left-leaning 09/26/2025
Using tax credits to paper over a 15x tax hike is like giving Band-Aids to broken bones.
left-leaning 09/26/2025
Making migrants pay more while giving citizens a break? This bill's compassion ended at the border.
moderate 09/26/2025
Balancing remittance taxes and credits is a tightrope; hope the IRS doesn’t drop the ball on this one.
moderate 09/26/2025
It’s clever to exempt citizens, but the red tape might trip up those this really affects most.
left-leaning 09/26/2025
Taxing remittances at 15%? That's a global wealth grab disguised as patriotism.
right-leaning 09/26/2025
Finally, a bill that makes sure migrants pay their fair share instead of bleeding our system dry.