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Senator Schmitt Introduces Bill to Implement 15 Percent Remittance Tax
June 10, 2025
WASHINGTON, June 10 -- Sen. Eric Schmitt, R-Missouri, issued the following news release:

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Senator Schmitt Introduces Bill to Implement 15 Percent Remittance Tax

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WASHINGTON -Today, U.S. Senator Eric Schmitt (R-MO) introduced R equiring Excise for Migrant Income Transfers (REMIT) Act which will implement a 15 percent excise tax on remittances.

"America is not the world's piggy bank. Each year, the U.S. sees tens of . . .

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