Sunday, April 18, 2010

Grover Norquist's Newest Potential Pool of Support

A local deputy in Morelia is asking the Secretariat of Foreign Relations to send a diplomatic complaint to the US about a 1 percent tax applied to cross-border cash transfers (which comes in addition to the ten percent that the institution often charges), which are vital to the tens (if not hundreds) of thousands of Michoacán families with relatives who send remittances. Evidently, Kansas is considering doubling the size of this tax to 2 percent, further angering those dependent on remittances.

Of course, the tax is very small relative to the bank fees, so anger about the tax is misplaced. And if Mexican lawmakers are going to start worry about exploitive bank fees, they should start a little closer to home.

No comments: