Live Interview with Solomon Yue – Tweet Your Questions, Ideas in Advance!

71 thoughts on “Live Interview with Solomon Yue – Tweet Your Questions, Ideas in Advance!”

1. Speaking freely again, i disagree with changing the Bill name to saving citizenships. We need to keep the name ttfi so that we can relate it to ttfc. Of course, just my opinion, speaking freely. It’s not going to pass and nothing’s going to come of it anyway according to everyone here.

2. Dave- at minimum a separate bill will gain highlight of our issues, and we get a clear voting record on it. All, unimaginable steps even just two years ago.

   Save US Citizenship Act is ok with me.

3. True. Good point. It’s very positive. I just would like our best chance of success. We shall see. Thank u for input.

4. If TTFI doesn’t include some sort of FATCA fix that ends reporting requirements and banking discrimination then it’s utterly useless. Presumably RO is aware of this.

5. It does both of those things (after a 3 year back file u will self certify annually). Won’t work for everyone thats for sure and is being sold as a bill for “keeping citizenships”.

6. http://thehill.com/policy/finance/405156-house-gop-leaders-say-vote-on-tax-cuts-20-will-be-held-in-september?amp&__twitter_impression=true

7. If they’re voting on so-called Tax Cuts 2.0, does that shove TTFI to the back burner yet again? TTFI is supposed to be a standalone bill.

8. It will be there per Solomon on Twitter today. 4th stand alone.

9. From Grover yesterday on Twitter:

   Tax Reform 2.0 moving forward.
   1. Make individual tax cuts permanent
   2. Expand tax free saving (40lK etc Make them simpler.
   3. Make it easier for folks to invest in new start ups
   PLUS
   I am working to include tax fairness for Americans abroad.
   No #FATCA. REsidency based taxation

10. This tweet from Norquist appears to me to be saying that the Tax Reform 2.0 package of three measures is “moving forward”, but “tax fairness for Americans abroad” is not included.

11. The House Ways and Means Committee today released three one-pagers on Tax Reform 2.0 – nothing groundbreaking here. The documents simply reiterate the three main goals of Tax Reform 2.0:

    Make permanent the individual and small business tax cuts enacted in 2017…

    2. Promote savings by making it easier for individuals to save for retirement, education, and other expenses…

    3. Spur new business innovation by reducing start-up costs and removing barriers to growth…

    Once again, the committee did not provide many policy details. This is just a rehash of the framework that came out in July. The Ways and Means Committee is planning to mark up a bill the week of Sept. 10. House leadership is aiming to hold a floor vote on Tax Reform 2.0 in late September.

    https://www.lexology.com/library/detail.aspx?g=53b4b40a-8b71-4e33-836c-7ead5f4753fe

12. “Make permanent the individual and small business tax cuts enacted in 2017…
    2. Promote savings by making it easier for individuals to save for retirement, education, and other expenses…”

    Except, of course, for individuals who own small businesses.

13. Indeed. All “individuals” live in America.

14. “At-risk House Republicans say no to new tax bill”
    https://www.politico.com/story/2018/09/09/house-republicans-tax-bill-trump-midterms-811255

    The White House and top congressional Republicans want to push for a House vote on a second round of tax cuts ahead of the midterms in hopes of bolstering their economic pitch to voters — but they’re running into opposition within their own party.

    GOP leaders conceived of the second tax bill as a messaging win that would put Democrats on their heels ahead of the midterms, forcing them to vote against tax relief for the middle class. But the concerns over the bill are largely flowing from the Republican side, mainly from members fighting to keep hold of seats in suburban districts where President Donald Trump is most unpopular — and that are key to the GOP’s hopes of keeping their majority.
    …
    House leaders and White House officials hope it can at least pass through that chamber before the election. The Senate is not expected to take up the bill in 2018 given the focus on speeding through judicial nominations and a Supreme Court confirmation — and because Majority Mitch McConnell (R-Ky.) simply does not have the votes to pass a second tax bill.

15. There will be a similar event in London on 18 September. Details here – http://americanexpatfinance.com/non-partisan-discussion-set-for-london-on-efforts-to-end-us-citizen-based-tax-regime

    Admins – is there somewhere prominent this could be publicized – on the sidebar or as a separate post?

16. Someone needs glasses lol. At least your crap attitude is consistent… gotta give u that.

17. @ Dave Simpson
    “Someone needs glasses lol.”
    It may even be you.

18. However, although there’s no sign of anything concerning taxation of US expats in the Brady “Tax Reform 2.0” package, a bill could be introduced separately – either in the next fortnight or after the election, or after the turn of the year.

    Prospects of actual enactment of such a bill would differ, of course, depending when it’s introduced and who introduces it. (And depending to some extent perhaps on the content.)

19. The main thing is (IMO) – anyone trying to decide on options might not better count on helpful US legislation coming in any time soon.

20. Ya, I’ll take a slice of that Humble Pie. Tax reform 2.0 came out and ttfi is not in it. Solomon says they are still working on it and there is a delay and it might come out but I’m beginning to think that we’ve heard this tune before.

21. After November they’ll be so busy with impeachment, nobody will have time for tax stuff.