Monrovia, July 8 -- The United States Congress passed the "Big, Beautiful Bill," which President Donald Trump signed into law on Friday. The Senate sharply reduced a controversial tax on remittances, money sent abroad by immigrants from an initial 5 percent proposal to 3.5 percent, and finally to 1 percent, easing the burden on money transfer businesses. However, the tax's scope has expanded to include all Americans sending money overseas, including U.S. citizens, whereas previously it applied only to visa holders and permanent residents.

By Aria Deemie with New Narratives

The tax is part of a broader domestic policy bill aimed at raising revenue by taxing international money transfers sent from the United States. For countries like Li...