THIS IS ONE WAY FOR MEXICO TO PAY FOR THE WALL …
Senator Ted Cruz (R-TX) has introduced a bill called the “El Chapo act” that would use the seized assets from Mexican drug lords like El Chapo to help pay for the border wall between Mexico and the United States. The acronym for the act stands for: Ensuring Lawful Collection of Hidden Assets to Provide Order. It would seem like a very effective use of such assets.
- The idea: U.S. prosecutors are seeking $14 billion in drug profits and other assets from El Chapo. They also routinely seize the assets of other drug dealers and traffickers.
- The Cruz quote: “Fourteen billion dollars will go a long way toward building a wall that will keep Americans safe and hinder the illegal flow of drugs, weapons, and individuals across our southern border.”
- The acronym’s meaning: Ensuring Lawful Collection of Hidden Assets to Provide Order
- Why it matters: President Trump is trying to figure out how to pay for his border wall, which will require American taxpayers to front the bill, but Republicans aren’t helping at the moment.