— U.S. Citizen Abroad (@USCitizenAbroad) August 6, 2020
Kudos to American Citizens Abroad for producing a superb article demonstrating:
1. The harm that citizenship-based taxation does to individual Americans abroad; and
2. Demonstrating that the only way to cease harming Americans abroad is to end citizenship-based taxation.
This is seriously good article that puts much of the harm in the TCJA into historical perspective. Although the article makes it clear that much of the damage can be fixed through Treasury regulations (including the two which have been recently been the topic of discussion), the article “Keeps The Faith”, by reminding us that citizenship-based taxation must end! ACA deserves credit for NOT wavering from that position. Given that the Democratic Party has failed to include ending citizenship-based taxation in their platform and the Republican Party appears to not have recently reconsidered the issue, it appears that proponents of ending US citizenship-based taxation are fewer than ever. From that perspective, ACA deserves a special thanks. (It is also significant and tragic that Representative George Holding who pioneered the ONLY serious attempt to fix CBT is retiring. There is no evidence that his 2018 Bill will be introduced again.)