HB 66 introduced in the state House of Representatives by Rep. Jeff Jones, R- Brunswick, employs a novel approach: It imposes a 2 percent withholding fee on wire transfers out of the country—which would include illegal aliens’ remittances to their homelands, drug trades and some legitimate, non-corporate money transactions.
The remittance fee would only involve individuals, not businesses. And Jones notes that this approach has already successfully worked in another state— Oklahoma.
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