Atlanta, GA, May 19, 2025: A sweeping legislative proposal backed by President Donald Trump and spearheaded by House Republicans could impose a 5% tax on international remittances sent by non-U.S. citizens, potentially costing Indian Americans an estimated $1.6 billion annually. Among its most controversial components is a remittance excise tax on foreign nationals — including those on H-1B and F-1 visas, green card holders, and undocumented immigrants. According to analysts, the bill could dampen financial flows to India, with ripple effects on spending, education, and investment in the Indian economy.