Americans Abroad

First of all thank you for the tips on responding to posts..all I was hitting was the big blue button!

I do hope they work it out soon too. I know people in my position who have just given up and renounced over it though they really didn't want to they didn't see any other way. One guy was told the bank wasn't going to renew his mortgage where he'd held it and lived for decades. He is like us because he was older and you really can't just up and move back with no job and a foreign spouse in your fifties.

This has to be fixed. I am very fearful now that republicans have picked this up as an issue that if dems don't respond to the calls from liberals all over the world to amend this is going to turn ugly and those most hurt by it will be lost in all the shouting.

The U.S. needs to have a serious debate. ACA has proposed something like the following.

Go to RBT for long term expats *say longer out than five to ten years* who can show they have NO U.S. income or holdings. This would be an opt in to RBT measure. IF you opt in to RBT as a long term expat then you would also have to accept a 30 percent with holding on any future U.S. holdings such as future inheritance from a U.S. parent.

Yes, that with holding is high and harsh but, it IS a start.

The above proposal would allow the U.S. to still go after those leaving to take money out of the country
Still allow them to target people living and gaining in the U.S. who are actually off shoring to hide money
AND not harm long term expat families who do not have any financial gain from the U.S.

This proposal was made to House Ways and Means Committee some time ago. I think it's better than the current way Dems Abroad are approaching this. And it would cut off any opposition at the knees.

Win/win...*laughs* I wish it were that easy...if it makes too much sense congress never moves.