Was Live Friday, Jun 6, 2025 | 11am PST
Related Coverage
- Story | Trump’s Remittance Tax: a Penalty on the American Dream
- Playlist | Video Highlights from this Briefing
Guest Speakers
- Helen Dempster, Policy Fellow and Assistant Director for the Migration, Displacement, and Humanitarian Policy Program at the Center for Global Development
- Dr. Manuel Orozco, Director of the Migration, Remittances, and Development Program at the Inter-American Dialogue, and Senior Fellow at Harvard University’s Center for International Development
- Ariel Ruiz Soto, Senior Policy Analyst, Migration Policy Institute
- Ana Valdez, President and CEO of the Latino Donor Collaborative
Event Overview
The US is the largest source of global remittances, a key source of income for many developing countries. In 2024, people residing in the US sent over $160 billion to families and friends in Latin America. Mexico is the largest recipient of US remittances, while India is the top recipient of remittances from around the world.
President Donald Trump’s “big, beautiful bill,” which passed the House last month, includes a 3.5% tax on remittances. Experts believe this tax would not only hurt economies abroad, but could also impact consumer spending levels in the US.