Mexico Fights US Tax on Remittances: Sheinbaum Vows to Eliminate 3.5% Levy

Mexico closely monitors the progress of the 3.5% tax on remittances approved by the US House of Representatives. The tax, initially proposed at 5%, has sparked widespread debate and concern among Mexican citizens who rely heavily on remittances from family members in the United States. Claudia Sheinbaum, in a recent video address, confirmed the House's approval and expressed hope for its rejection in the Senate. "We will continue working to ensure there is no tax," Sheinbaum stated, underscoring the Mexican government's commitment to protecting the interests of its citizens. The Mexican ambassador to the US has played a crucial role in negotiating the reduction of the tax rate. This situation highlights the complex economic and political ties between the US and Mexico, and the significant impact of policy decisions on ordinary citizens.