Trump Vows End To Double Tax For Millions Of Americans Living Abroad
Posted by Aca Admin on October 14, 2024
Forbes, October 14, 2024
Trump Vows End To Double Tax For Millions Of Americans Living Abroad
"Trump offered no specific details yet on how he would go about this policy, but it brought cheers from American Citizens Abroad (ACA), a non-profit, non-partisan association. ACA has advocated for the adoption of residence-based taxation to address this issue for over 20 years. After Trump’s vow of support, ACA formally requested a pledge from Vice-President Kamala Harris for her to support ending double tax for Americans abroad if she is elected.
'It’s important for both major party candidates seeking the presidency and Members of Congress to commit to a tax policy that treats hard working Americans overseas fairly,' said ACA Executive Director Marylouise Serrato. 'While often overlooked by US policymakers, Americans overseas represent an engaged and informed voting block of over 5 million strong.'"