Trump Pledges to End ‘Double Taxation’ of Americans Abroad
SUMMARY
Donald Trump has proposed lowering taxes for U.S. citizens living abroad, aiming to win support from this often-overlooked voter group. Currently, the U.S. taxes citizens on worldwide income, unlike other countries that base taxes on residency. Trump stated, “I support ending the double taxation of overseas Americans,” signaling a shift to alleviate tax burdens for expatriates, particularly high earners. With approximately 4.4 million U.S. citizens living abroad in 2022, Trump's campaign hopes to appeal to this demographic, especially voters in Israel. While Vice President Kamala Harris has proposed financial incentives like tax credits for new parents, she has yet to address taxes for Americans abroad. Advocates for tax reform argue for transitioning to a residence-based taxation system, which could ease compliance burdens.
