Renounce tweeted this evening about Congressman Tierney’s proposal to do away with the Foreign Income Exclusion. That caught my eye, and so I inquired of Andy Sundberg and ACA. If you wonder why the Tax Code is over 72,000 pages, after you read this information he sent me, you will wonder no more..
Steve Cohen [D-TN9]
Keith Ellison [D-MN5]
Raul Grijalva [D-AZ7]
Jesse Jackson [D-IL2]
Betty McCollum [D-MN4]
But the problem is vastly bigger.
You should also be aware of the fact that lots of other legislation has been introduced during the current 112th Congress that addresses one or another variation on the theme of the taxation of foreign income. Forty seven of these are listed below.
This comes from a very fertile website named govtrack.us
You can sign up for free and follow the progress of all kinds of legislation here either by individual bill, or be generic subject category.
This is the link.
This is from their website on bills addressing foreign income:
BTW, for those looking for the Hale Sheppard’s article on “The Foreign Earned Income Exclusion: U.S. International Tax Policy, Political Reality, and the Need to Understand How the Two Intertwine”
That is number 37 on his list of 70 publications.
Pingback: Congressional Progressive Caucus “Budget For All” would end Foreign Earned Income Exclusion | The Isaac Brock Society