Mexican President Threatens To ‘Mobilize’ Against Law That Could Help Cut Off Cash To Cartels
Mexico’s president is threatening to “mobilize” the country against a Republican proposal to tax remittances, which advocates say would choke off cash flow to Mexican drug cartels.
Mexican President Claudia Sheinbaum raged against the proposal in a speech against the law, which imposes a tax on money sent out of the United States by foreign nationals. “If necessary, we’ll mobilize,” Sheinbaum said. “We don’t want taxes on remittances from our fellow countrymen. From the U.S. to Mexico.”
President Donald Trump’s “one big, beautiful bill” includes a 3.5 percent tax on remittances, a policy that experts told The Daily Wire is key to throttling the flow of cash into the hands of the Mexican drug cartels. Republican lawmakers are pushing for a tax on money flowing out of the United States to foreign countries just after the Mexican president said that she would “mobilize against it.”
The Mexican president’s statement drew the ire of Sen. Eric Schmitt (R-MO), who announced that he was introducing legislation to multiply the proposed 3.5 percent tax on remittances.
“The House’s Big Beautiful Bill addressed the urgent need for a remittance tax. But we can go further. I’m introducing legislation to quadruple the proposed remittance tax — from 3.5% to 15%,” Schmitt wrote on X. “America is not the world’s piggy bank. And we don’t take kindly to threats.”
Mexican President Claudia Sheinbaum raged against the proposal in a speech against the law, which imposes a tax on money sent out of the United States by foreign nationals. “If necessary, we’ll mobilize,” Sheinbaum said. “We don’t want taxes on remittances from our fellow countrymen. From the U.S. to Mexico.”
President Donald Trump’s “one big, beautiful bill” includes a 3.5 percent tax on remittances, a policy that experts told The Daily Wire is key to throttling the flow of cash into the hands of the Mexican drug cartels. Republican lawmakers are pushing for a tax on money flowing out of the United States to foreign countries just after the Mexican president said that she would “mobilize against it.”
The Mexican president’s statement drew the ire of Sen. Eric Schmitt (R-MO), who announced that he was introducing legislation to multiply the proposed 3.5 percent tax on remittances.
“The House’s Big Beautiful Bill addressed the urgent need for a remittance tax. But we can go further. I’m introducing legislation to quadruple the proposed remittance tax — from 3.5% to 15%,” Schmitt wrote on X. “America is not the world’s piggy bank. And we don’t take kindly to threats.”
70-79, M
