Mexico City – Billions In US Remittances A Lifeline For Many In Mexico

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    A banner that reads, "#Mx against Trump" is seen inside of Senate of the Republic building as part of ongoing campaign from Mexican Senators in Mexico City, Mexico, March 29, 2016. REUTERS/Edgard GarridoMexico City – The billions of dollars in U.S. remittances that presidential candidate Donald Trump is threatening to block to force Mexico to pay for a border wall are a financial lifeline for the Latin American country’s economy and the individuals who receive the money from relatives up north.

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    For families across Mexico, the cash transfers help put food on the table and clothe children. They can help start a small business, add to humble cinderblock home or buy a second-hand truck to use on a farm.

    So it’s not surprising that the real estate magnate’s proposal — to cut off remittances from the estimated 12 million Mexicans living in the United States unless Mexico makes as one-time payment of $5 billion to $10 billion — on Tuesday elicited negative reactions from many.


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    4 Comments
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    YossiP
    YossiP
    8 years ago

    It’s a beautiful thing!

    bennyt
    bennyt
    8 years ago

    And most of those billions being wired to Mexico are being sent by illegals who don’t pay a dime in income taxes because the money is unreported or paid to them in cash.

    RocklandRes
    RocklandRes
    8 years ago

    Maybe we should try to fix Mexico. They share our border, are one of our biggest trading partners and are NOT ISLAMIC. Most of Mexico’s problems come from USA drug use and a political system that is on it’s last legs. Make Mexico a better place to live and they’ll be less border crossing.