Raise the tax on remittance transfers to 15 percent

McGuire introduced the Requiring Excise for Migrant Income Transfers (REMIT) Act. It would raise the tax on remittance transfers from the current 1 percent to 15 percent. The legislation is a proposal, not an enacted change.

Context: Original statement date not established. Source collected on November 10, 2026.

In their own words

This bill will increase the current 1 percent tax on remittance transfers to 15 percent.

The source

John J. McGuire III: official policy priorities

Published: Original date not established; campaign context manually checked
Retrieved: 11/10/2026