While the spend-happy Left bemoans the cost of President Trump's proposed border wall, House Republicans are busy finding simple, practical ways to fund its construction.
On Thursday a group of GOP congressmen introduced a major bill intended to fund the border wall. The bill proposes imposing a 2 percent fee on all monies immigrants send back to Mexico and other countries.
The Washington Times reports that while estimates vary, remittances from immigrants in the U.S. to relatives in their countries of origin "could top $130 billion a year" and that a simple 2 percent tax "could net more than $2 billion a year if it applied to all money regardless of who’s sending it."
"This bill is simple — anyone who sends their money to countries that benefit from our porous borders and illegal immigration should be responsible for providing some of the funds needed to complete the wall," said Rep. Mike Rogers.
"This bill keeps money in the American economy, and most importantly, it creates a funding stream to build the wall." The Times expands:
Mr. Rogers and Rep. Lou Barletta of Pennsylvania are leading the effort.
Mr. Trump has vowed to make Mexico foot the bill for his border wall, but Mexican authorities have said they won’t play along.
Left without a funding source, the president has said American taxpayers will pick up the tab for now, and he’ll look for ways to soak Mexico in the long run.
The World Bank puts remittances from the U.S. at more than $50 billion a year. A Pew Research Center analysis puts the figure at $133 billion in 2015.
Mexico is one of the biggest beneficiaries, with $24 billion alone going from the U.S. to its southern neighbor in 2015, making it one of Mexico’s top sources of income. China and India rounded out the top three countries.[...] Remittances also account for a huge percentage of the economies of Central American countries.
On the campaign trail, Trump did touch on the possibility of leveraging remittances to fund the construction of his border wall, but the Times reports that this new bill is "much less complicated and would collect funds not just from Mexicans."