Former President Trump proposes tax cuts for US citizens abroad, addressing global income taxation.
Former President Donald Trump has proposed reducing taxes for U.S. citizens living abroad, addressing the unique U.S. tax system that taxes citizens on their global income. His campaign aims to appeal to this demographic ahead of the November election, as he leads in key swing states. Trump's tax cut plans could significantly reduce federal revenue and include eliminating federal taxes on certain income types. Vice President Kamala Harris has also proposed tax cuts, targeting middle-class voters.
October 10, 2024
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