US to tax 5% on NRI remittances!

"Currently, India is the world’s top recipient of remittances, with around $83 billion sent annually from abroad, much of it from the United States. The new provision would mean that for every ₹1 lakh (in dollar terms) sent home, ₹5,000 (in dollar terms) would go to the IRS before reaching the intended recipients"

Link: https://www.financialexpress.com/business/investing-abroad-us-to-levy-5-tax-on-immigrant-remittances-what-does-it-mean-for-nris-3844718/

Any thoughts on how bad this would affect the Indian economy? On the positive side, I feel this would further contribute to stopping the brain drain.