During our Welcome Back Lunch, Kym Kettler-Paddock gave an update on the state of the bipartisan efforts to replace citizenship-based taxation with a form of residence based taxation or territorial taxation.
Representative George Holding (R- NC) introduced Bill H.R. 7358 at the end of the last congressional session. This bill must be re-introduced in order for it to be considered by the House. Representative Don Beyer (D- VA) has been named as a potential co-sponsor of the bill. He is apparently considering the bill and will suggest modifications.
To read the entire bill, click below:
To read a one-page summary of what the bill is intended to do (in plain English, not legalese), click below: