UPDATE: It is down to 1 percent now.

https://www.politico.com/live-updates/2025/06/28/congress/controversial-remittance-tax-shrinks-again-in-new-megabill-draft-00431123

"A proposed tax on remittances that’s kicked up a good amount of controversy would further shrink to 1 percent under the latest draft of Senate Republicans’ megabill."

"That’s down from the 3.5 percent they had previously considered, and well off the 5 percent charge House Republicans approved last month as part of their version of the plan."