On September 12, 2024 Democrats Abroad participated in a lunch briefing in Washington D.C. with the Congressional Trade & Tax Staff Association to educate tax writers on bipartisan, realistic, and passable tax proposals that could be included in the large tax bill due to pass in 2025. 30 Republican and Democratic legislative tax staff working for Members of Congress on the Senate Finance and House Ways & Means Committees attended the session. Read on for more information on the event.
Speakers included:
- Pete Sepp, President, National Taxpayer Union
- Rebecca Lammers, Chair of the Taxation Task Force, Democrats Abroad
- Stephanie Fiumara, Legal Tax Advisor to the National Taxpayer Advocate, Taxpayer Advocate Service
Proposals discussed included:
- Legislative recommendations from the National Taxpayer Advocate's previous year's Report to Congress eg. MSP 8 & MSP 9
- H.R. 5432 Tax Simplification for Americans Abroad Act
- Excluding small and medium sized American business owners abroad from GILTI tax and reporting
