What does the "Big Beautiful Bill" mean for Latin America? Expanded immigration enforcement, cuts to clean energy, and a tax on remittances, among other measures, will have significant impacts, write Eric Jacobstein and Emily Mendrala: https://t.co/FwmDV9RC6U
Have children? How the 'Big, Beautiful Bill' could affect you https://t.co/LrxVAka6uM https://t.co/QK0kQTn9hc
Have children? How Trump's "Big, Beautiful Bill" could affect you https://t.co/qjMGFYxVWn
Congress has cleared the “Big Beautiful Bill,” President Donald Trump’s marquee tax-and-spending package, sending it to the White House on 3 July. Billed by Republicans as a reset of economic and border policy, the measure combines deep energy- and tax-code revisions with the largest immigration enforcement build-out in decades. The legislation steers roughly $170 billion toward immigration and border operations, including $47 billion for additional wall construction and $45 billion for new detention centers. The funding underpins the administration’s goal of carrying out about one million deportations a year and is paired with provisions that end Temporary Protected Status and other parole protections for more than a million migrants, sharply increasing removal eligibility. A separate section repeals key clean-energy incentives created under the 2022 Inflation Reduction Act, eliminating tax credits for solar panels, wind turbines, electric vehicles and domestic critical-minerals supply chains. Analysts say the rollback could slow U.S. renewables deployment and widen openings for Chinese financing of Latin American energy projects. For immigrant communities, the bill imposes a new 1 percent federal tax on cash and money-order remittances sent abroad while exempting transfers made with U.S.-issued cards or through banks. The Center for Global Development warns the levy is likely to move billions of dollars into informal channels and could hit Central America and Jamaica hardest relative to the size of their economies. The Congressional Budget Office projects the package will swell the federal deficit by $3.3 trillion over ten years. Economists caution that the additional borrowing, combined with higher deportation levels and reduced clean-energy investment, could dampen growth both in the United States and across its Latin American trading partners.