Remittances To The Roc, Whopping US$2Billion – US Wants Some Of That

A mighty high figure between Jan 2016- Dec 2016, don’t you think?  Guess what, pot a cuss kettle black.   Who are we to talk when we live on an Island where the powers of be solution to economic growth is taxation.  Come on, keep it real will you.  Look at the remittance fees in itself, those could be reduced based on the volume.  No one complaining on that front.  I am sure Jamaica is not the only country that will be affected.  In fact where there are immigrants, remittances will be high so draw down should not have come as a shock.  It is a known fact that immigrants living in the USA from across the regions support their families back home.  The question is, how many countries in the region will be affected?

Maybe if we could sort ourselves out and seriously deal with economic growth and less politics, we will not be so dependent and suffer unnecessarily.  Everywhere u go macca juke u, hearing incessant talk from men and women in suits about economic growth.  When in reality, the only ting lef fi tax is di air wi breathe.   Tax di whole hog fi pay fi di sheep………………….

POTUS will do whatever he is able to do in order to achieve his goals by putting his people first as he says.  Our leaders will do the exact opposite for the people of this country creating an economy where the middle class is becoming the working poor.  Someone once said, whoever plays by the rules get shafted……..How ironic!!!!!!  While America attempts to close doors, we should be opening up doors creating opportunity and competition that will benefit our own people.  It is time to stop sneezing each and every time USA coughs. 

While we may not be considered old approaching 53 years of Independence.  We certainly are not spring chickens!!!!!!!!

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Jamaicans voice concern about US border wall funding proposal

(Jamaica Observer) Saturday, April 29, 2017 18 Comments

The draft Bill seeks to amend the Electronic Fund Transfer Act to impose a fee of two per cent of the US dollar amount for remittance transfers to certain countries.

Jamaicans who receive money from overseas are not pleased about the proposal introduced to the United States Congress by Republican Congressman Mike Rogers from Alabama, to impose a fee of two per cent of the US dollar amount for remittance transfers to certain foreign countries, including Jamaica.
The remittance fees would be submitted to the US Treasury for the purpose of building President Donald Trump’s proposed wall along the US-Mexico border.

Trump, during his election campaign, repeatedly vowed to build a wall along the US-Mexico border and insisted that Mexico would have to pay for it.

After winning the election in November last year, the 45th US president maintained his controversial promise, estimating that the wall would cost US$12 billion.

However, according to an internal report from Homeland Security, the cost for the wall could rise to US$21.5 billion.

When the Jamaica Observer canvassed the Corporate Area this week, recipients expressed their concerns.

Shelly Crawford, a civil servant, thought the proposal was unfair to Jamaicans working and paying taxes in the United States.

“Why would you want to take from what I am sending home to my family. It should not be done and there must be something to prevent him from doing that,” Crawford said.

Crawford, while noting that her parents reside in the US, said they send money monthly to care of her sick sister.

“We have nothing to do with the wall,” Crawford argued, adding that the wall has nothing to do with the Caribbean.

A displeased Crawford said if and when the Bill is passed, she will instruct her parents to refrain from sending money to the island.

“I can take care of my sister. Is either they open an account or something because it nuh make no sense,” Crawford reasoned.

“I am going to tell my relatives not to send their money,” Jacquilene Steel said.
Unlike Steel and Crawford, who say they can afford to do without remittances, 68-year-old Mercedes Taylor said her son sends her approximately US$200 per month.

“I don’t feel good about the proposed tax. Him want wall, so him should build it,” Taylor said, adding that the wall has nothing to do with Jamaica.

The senior citizen suggested that he should tax Mexico instead.

According to the Mexican central bank, Mexican immigrants sent approximately US$27 billion home in 2016, the majority of which came from immigrants living in the US.

According to the Bank of Jamaica’s remittance report for December 2016, the country’s inflow of remittances amounted to just over US$2 billion between January and December, 2016.

Another recipient, Bryan Larmond, argued that the problem was not Jamaica’s and Trump had enough funds to fund the construction.

“If him want to build the wall him must find the funds to do it. I don’t feel good about it. Him must find some other way to build the wall. He has money, he can use some of his funds to build the wall,” he said.

For Caribbean Maritime Institute student Kim Nelson, remittance is her main source of income and she, too, does not believe the wall will benefit Jamaica.
Myrna Spence, 62, whose daughter sends her money every month, said: “Trump want the wall, so he should build it.”

Both Nelson and Spence suggested that if the taxes were going towards the welfare of immigrants living in the US, they would understand.

“Help the homeless and the needy. Give it to charity,” Spence said

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