Dubey told Newsweek that many wealthy Indian immigrants split their financial assets, with roughly 70 percent staying in the U.S. and 30 percent going back to India. Since the first proposal of a remittance tax, there has been a steady outflow of money from the U.S. as immigrants look to avoid taxation at a later time when they head home for good.

US News. US Senate's tax cut bill forecast adding $3.3 trillion to deficit. June 29, 2025. The U.S. Senate version of President Donald Trump's sweeping tax-cut and spending bill w