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Anthony J Hilder on December 1, 2025

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Anthony J Hilder

Christina Aquayo News #news Trump is removing illegal migrants from the financial system completely - no more tax benefits or cross-border money transfers.#DC The Trump administration is taking action to exclude illegal migrants from the U.S. financial system. The sweeping reforms target federal tax... View MoreChristina Aquayo News #news Trump is removing illegal migrants from the financial system completely - no more tax benefits or cross-border money transfers.#DC The Trump administration is taking action to exclude illegal migrants from the U.S. financial system. The sweeping reforms target federal tax benefits and cross-border money transfers, making sure that these resources benefit only legal residents and citizens. #ChristinaAguayoNews Bessent saying, "if you're here illegally, there's no place for you in our financial system." He emphasized that illegal migrants exploiting financial institutions to launder or move illegal funds is unacceptable and coming ot an end. The Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued an alert to banks and money services businesses, mandating heightened scrutiny of transactions linked to unauthorized people, AKA illegal migrants. This includes flagging any cross-border transfers of $2,000 or more. The goal is to disrupt flows that drain billions from the U.S. economy each year often tied to welfare fraud and national security threats. #Trump At the president's direction, the Treasury will issue regulations to eliminate refundable portions of key tax credits for illegal migrants, effective for tax year 2026. These changes build on the 1996 Personal Responsibility and Work Opportunity Reconciliation Act, closing loopholes that have allowed illegal migrants to claim benefits at the expense of American families. Details: Earned Income Tax Credit (EITC): This popular credit, designed to support low-income workers, will no longer provide refunds to illegal migrants, redirecting aid to U.S. citizens and legal residents. Additional Child Tax Credit: Refunds for illegal migrant families will be restricted, preventing unauthorized claims that have siphoned resources from American parents American Opportunity Tax Credit: Education-related refunds will be withheld from illegal migrants. Saver's Match Credit: Incentives for retirement savings will be preserved exclusively for American citizens. Estimates from earlier this year pegged the annual cost of illegal migrants at over $150 billion each year, covering everything from free healthcare, free food, free housing, free travel and free education, along with cash stipends. Recent scandals, such as massive welfare fraud in Minnesota funneled hundreds of millions to terrorist groups, underscore the urgency of these reforms. #Minnesota

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December 1, 2025