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It proposes a 3.5% tax on remittances sent abroad by foreign workers, including green card holders and temporary visa workers such as those on H-1B visas.

The money loved ones send back from the US is known as remittances, and these are propping up Guatemala's economy.

Many funded their move through non-institutional loans, later sending remittances to their families.

Mexican immigrants in the United States are also pillars of the Mexican economy, sending more than $60 billion annually in remittances back to their homeland.

Those remittances represent a pillar of the Mexican economy.