Michelle Malkin to Trump: ‘Shut Down’ Federal Reserve Remittance Program for Illegal Aliens

Article author: 
John Binder
Article publisher: 
Breitbart
Article date: 
13 September 2019
Article category: 
National News
Tags: 
Mexico
remittances
illegal immigration
cost
Article link: 
Excerpts are included below - read the original complete article
Medium
Article Body: 

Columnist Michelle Malkin is calling on President Trump to “shut down” a Federal Reserve program that profits off remittances sent to foreign countries by illegal aliens.

During an interview with SiriusXM Patriot’s Breitbart News Daily, Malkin detailed how the Federal Reserve actually aids illegal aliens living in the United States through a federal remittance program, included in her latest book, Open Borders, Inc: Who’s Funding America’s Destruction?....

The “Directo a Mexico” program Malkin references was started by former President George W. Bush’s administration in 2005, funneling remittances through the Federal Reserve directly to Mexico’s central bank, according to Judicial Watch, which has been suing the federal government for more information on the scheme....

Every year, as Breitbart News has reported, about $150 billion in remittances are sent to foreign countries by illegal aliens and legal immigrants living in the U.S. This money is untaxed.
 
Mexico, in 2017 alone, received about $30 billion in untaxed remittances from foreign nationals living in the U.S., while China took in between $15 to $20 billion that year. India and the Phillippines also enjoyed more than $10 billion in untaxed remittances sent from foreign nationals living in the U.S.
Article final link: 
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