By Admin 
Big beautiful bill: The lower House of the US Parliament has passed the ‘One Big, Beautiful Bill Act’ by the House of Representatives. This law of the entire 1,116 pages gives a glimpse of Trump’s policies regarding border security, tax and expenses. This bill is an attempt to pursue Trump’s 2017 tax cuts.
Remitttent tax cut so much reduction
In this bill, millions of foreign workers working in America have been given relief, send money outside the country. In the final version of the bill, the remedy tax has been reduced from 5 percent to 3.5 percent. It will be effective from January 1, 2026. Remittance tax means tax levied on sending money from a country to another. This will also affect a large number of Indian migrants living in America.
According to data from the Migration Policy Institute, the number of NRIs living in the US was more than 2.9 million by 2023. With this, America became the second most popular destination after the United Arab Emirates in the world. After Mexican, Indians also represent the second largest foreign origin group living in the US, which is 6 percent of the country’s 47.8 million foreign origin residents.
American citizens get exemption
Under this new bill of Trump, remedies tax will be applicable only to non-American citizens. American citizens have been exempted from this. Those who are affected will include Green Card holder and people living on employment visas. That is, if any Indian person earning in America will send 5000 rupees from his earnings to his village or city, then he will have to pay tax on it. This deduction in Remittance Tax was done after several weeks of talks.
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