On this Tax Day, we’re sharing an update on the Residence-Based Taxation for Americans Abroad Act, originally introduced as H.R. 10468.
The bill is still moving forward, but much of the work is taking place behind the scenes. Congressional staff, legislative counsel, and the Joint Committee on Taxation continue to refine the legislative language and work through the details required for reintroduction. While that process can feel slow from the outside, it is also a sign that the legislation is still receiving serious attention.
The encouraging news is that there continues to be engagement and commitment in Congress to advancing the legislation. The bill itself has continued to evolve, with substantial revisions aimed at making the proposal clearer, stronger, and more durable.
We know many Americans abroad are eager for progress and hopeful that the bill advances, especially for those considering renouncing citizenship, following the recent fee drop. Those feelings are understandable. But the clearest signal right now is that the bill is still active and still viewed by its backers as worth advancing.
Democrats Abroad continues to engage with Congressional stakeholders to identify Democrats to co-sponsor the bill to make it bipartisan. After all, this is not a partisan issue but something that impacts all U.S. citizens living outside the United States.
On a day that reminds so many Americans abroad why reform is needed, we wanted to share this update and reaffirm that the effort to move toward residence-based taxation is still very much alive.
We continue to follow developments closely and will keep you informed.