Political Quotes

On the recordJuly 2, 2025
The House’s Big Beautiful Bill addressed the urgent need for a remittance tax. But we can go further. I’m introducing legislation to quadruple the proposed remittance tax — from 3.5% to 15%. America is not the world’s piggy bank. And we don’t take kindly to threats.
Said by
Eric Schmitt
Republican · Missouri

Editor's note · Context

Sen. Schmitt discusses the need for a higher remittance tax in response to the GOP spending bill.

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