Republican Bill Would Cut Taxes for Expats

“A new proposal in Congress attempts to put meat on one of President-elect Donald Trump’s campaign-trail tax promises, detailing how the U.S. could remove income taxes on Americans living abroad,” the Wall Street Journal reports.

“Rep. Darin LaHood (R-IL) would let expatriates pay income taxes only where they live, removing a requirement that U.S. citizens living anywhere owe U.S. taxes on their worldwide income. LaHood, who is introducing the proposal Wednesday, hopes it could be included in broader tax legislation that Congress is likely to pass in 2025.”