Summary

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"One Big Beautiful Bill Act"

This is a U.S. news story, published by CNBC, that relates primarily to GOP news.

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CNBC

CNBC

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US Politics

US Politics

How the Republican megabill targets immigrant finances

CNBC

Summary

Nutrition label

88% Informative

GOP megabill would restrict access to tax benefits like the child tax credit.

Lawmakers would also tax remittances and add fees for certain actions like applying for asylum.

GOP lawmakers are trying to pass the legislation by the Fourth of July .

The legislation is still in flux and differs somewhat between House and Senate versions.

The House and Senate bills would put a 3.5% tax on "remittances" These are transfers of money such as earnings to family members and others abroad.

The U.S. was the largest source of global remittances in 2023 , the World Bank says.

VR Score

91

Informative language

91

Neutral language

60

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

10

https://help.unhcr.org/usa/applying-for-asylum/what-is-asylum/https://www.finance.senate.gov/chairmans-news/chairman-crapo-releases-finance-committee-reconciliation-text https://blogs.worldbank.org/en/peoplemove/in-2024--remittance-flows-to-low--and-middle-income-countries-ar https://www.worldbank.org/en/news/press-release/2023/12/18/remittance-flows-grow-2023-slower-pace-migration-development-brief https://judiciary.house.gov/media/press-releases/big-beautiful-border-security https://cmsny.org/publications/number-of-children-who-may-lose-eligibility-for-the-child-tax-credit/https://www.imf.org/en/Publications/fandd/issues/2023/09/B2B-resilient-remittances-dilip-ratha https://thehill.com/homenews/senate/5365060-senate-parliamentarian-gop-bill-rejections/https://www.budget.senate.gov/ranking-member/newsroom/press/byrd-rule-violations-continue-to-mount-on-the-republicans-one-big-beautiful-bill https://itep.org/house-tax-bill-harsher-tax-code-for-immigrant-filers-and-citizen-family-members/

Source diversity

10

help.unhcr.org www.finance.senate.gov blogs.worldbank.org www.worldbank.org judiciary.house.gov cmsny.org www.imf.org thehill.com www.budget.senate.gov itep.org

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