Treasury Secretary Scott Bessent announced on Friday that the Trump administration is moving aggressively to deny federal tax benefits and suspicious money transfers for illegal aliens.
Bessent, acting under direct orders from President Donald Trump, said that the crackdown on illegals exploiting America will include banning them from the Earned Income Tax Credit, the Additional Child Tax Credit, the American Opportunity Tax Credit, and the Saver’s Match Credit.
“At @POTUS @realDonaldTrump’s direction, we are working to cut off federal benefits to illegal aliens and preserve them for U.S. citizens,” Bessent wrote in a post on X.
Bessent added that the Treasury will “issue proposed regulations clarifying that the refunded portions of certain individual income tax benefits are no longer available to illegal and other non-qualified aliens, covering the Earned Income Tax Credit, the Additional Child Tax Credit, the American Opportunity Tax Credit, and the Saver’s Match Credit.”
At @POTUS @realDonaldTrump‘s direction, we are working to cut off federal benefits to illegal aliens and preserve them for U.S. citizens.@USTreasury announced that it will issue proposed regulations clarifying that the refunded portions of certain individual income tax benefits… https://t.co/pn2MXoxDHC
— Treasury Secretary Scott Bessent (@SecScottBessent) November 28, 2025
In a follow-up post, Bessent wrote, “If you’re here illegally, there’s no place for you in our financial system. Illegal aliens that use our financial institutions to move their illicitly obtained funds is exploitation, and it will end.”
.@POTUS @realDonaldTrump is right—if you’re here illegally, there’s no place for you in our financial system.
Illegal aliens that use our financial institutions to move their illicitly obtained funds is exploitation, and it will end.https://t.co/mIy7fFWWNw.
— Treasury Secretary Scott Bessent (@SecScottBessent) November 28, 2025
This crackdown builds on Trump’s February 2025 executive order barring illegal aliens from taxpayer-funded benefits, finally enforcing the 1996 Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) that Democrats have ignored for decades.
These rules, backed by a recent Department of Justice Office of Legal Counsel opinion, will take effect starting in tax year 2026, slamming the door on fraud and redirecting resources to actual citizens who deserve them.
On the money transfer front, the Treasury’s Financial Crimes Enforcement Network (FinCEN) dropped a bombshell alert the same day, warning money services businesses like check cashers, remittance processors, and digital payment platforms to flag suspicious activities tied to illegal aliens.
Any transactions of $2,000 or more that seem suspicious, such as moving funds from unlawful employment or shady sources across borders, must be reported. This targets the rampant abuse where illegal migrants funnel cash back to their home countries or even to terror-linked groups, as seen in recent Minnesota welfare fraud scandals potentially benefiting al-Shabab terrorists.
The announcements from Bessent come the day after Trump’s fiery response to the heartbreaking death of 20-year-old National Guard Specialist Sarah Beckstrom, who succumbed to her injuries on Thursday following a targeted shooting in Washington, D.C.
In a pair of posts on Truth Social on Thanksgiving, Trump vowed to “permanently pause migration from all Third World Countries” and terminate millions of illegal admissions from the Biden era, emphasizing the need to prioritize American safety and loyalty to the nation.
In his first post, the president wished Americans a happy Thanksgiving and wrote, “The official United States Foreign population stands at 53 million people (Census), most of which are on welfare, from failed nations, or from prisons, mental institutions, gangs, or drug cartels. They and their children are supported through massive payments from Patriotic American Citizens who, because of their beautiful hearts, do not want to openly complain or cause trouble in any way, shape, or form.”
The president explained that the “refugee burden is the leading cause of social dysfunction in America.”
The president wrote in full:
A very Happy Thanksgiving salutation to all of our Great American Citizens and Patriots who have been so nice in allowing our Country to be divided, disrupted, carved up, murdered, beaten, mugged, and laughed at, along with certain other foolish countries throughout the World, for being “Politically Correct,” and just plain STUPID, when it comes to Immigration. The official United States Foreign population stands at 53 million people (Census), most of which are on welfare, from failed nations, or from prisons, mental institutions, gangs, or drug cartels. They and their children are supported through massive payments from Patriotic American Citizens who, because of their beautiful hearts, do not want to openly complain or cause trouble in any way, shape, or form. They put up with what has happened to our Country, but it’s eating them alive to do so! A migrant earning $30,000 with a green card will get roughly $50,000 in yearly benefits for their family. The real migrant population is much higher. This refugee burden is the leading cause of social dysfunction in America, something that did not exist after World War II (Failed schools, high crime, urban decay, overcrowded hospitals, housing shortages, and large deficits, etc.). As an example, hundreds of thousands of refugees from Somalia are completely taking over the once great State of Minnesota. Somalian gangs are roving the streets looking for “prey” as our wonderful people stay locked in their apartments and houses hoping against hope that they will be left alone. The seriously retarded Governor of Minnesota, Tim Walz, does nothing, either through fear, incompetence, or both, while the worst “Congressman/woman” in our Country, Ilhan Omar, always wrapped in her swaddling hijab, and who probably came into the U.S.A. illegally in that you are not allowed to marry your brother, does nothing but hatefully complain about our Country, its Constitution, and how “badly” she is treated, when her place of origin is a decadent, backward, and crime ridden nation, which is essentially not even a country for lack of Government, Military, Police, schools, etc…
But wait, it gets better.
In the second post, President Trump detailed his plan, stating: “I will permanently pause migration from all Third World Countries to allow the U.S. system to fully recover, terminate all of the millions of Biden illegal admissions, including those signed by Sleepy Joe Biden’s Autopen, and remove anyone who is not a net asset to the United States, or is incapable of loving our Country, end all Federal benefits and subsidies to noncitizens of our Country, denaturalize migrants who undermine domestic tranquility, and deport any Foreign National who is a public charge, security risk, or non-compatible with Western Civilization.”
He emphasized that “Only REVERSE MIGRATION can fully cure this situation.”
The post read in full:
“…Even as we have progressed technologically, Immigration Policy has eroded those gains and living conditions for many. I will permanently pause migration from all Third World Countries to allow the U.S. system to fully recover, terminate all of the millions of Biden illegal admissions, including those signed by Sleepy Joe Biden’s Autopen, and remove anyone who is not a net asset to the United States, or is incapable of loving our Country, end all Federal benefits and subsidies to noncitizens of our Country, denaturalize migrants who undermine domestic tranquility, and deport any Foreign National who is a public charge, security risk, or non-compatible with Western Civilization. These goals will be pursued with the aim of achieving a major reduction in illegal and disruptive populations, including those admitted through an unauthorized and illegal Autopen approval process. Only REVERSE MIGRATION can fully cure this situation. Other than that, HAPPY THANKSGIVING TO ALL, except those that hate, steal, murder, and destroy everything that America stands for — You won’t be here for long!”
This announcement follows Trump’s request for an additional 500 National Guard troops to be deployed to D.C. and a halt to processing immigration requests for Afghan nationals.
The shooting suspect, identified as Afghan national Rahmanullah Lakanwal, who entered the U.S. under Biden’s Operation Allies Welcome in 2021, has been charged in the incident, which authorities are investigating as a possible act of terror. Attorney General Pam Bondi has confirmed that prosecutors will be seeking the death penalty.
The post Treasury Working to Cut Benefits and Money Transfers for Illegal Aliens: ‘There’s No Place for You in Our Financial System’ appeared first on The Gateway Pundit.