Texas State Senator Wants To Tax Money Transfers
Texas state Senator Dan Patrick, whose other job is as a right-wing radio talk show host, filed a bill yesterday in the Senate that would impose a 10% tax on any money transferred by wire from Texas to a foreign country. The proceeds of this new tax (New taxes from a Republican?) would be used to improve border security.
The object of course is to penalize immigrants who wire money back home to help support their families. This is made clear by the fact that the bill would exempt any transfers of $5000 or more. Why exempt larger transfers? Because these are normally made by businesses, and we certainly don't want to do anything that would hurt businesses -- we only hurt consumers in Texas.
