Check out the new “Keeping His Word” site from the Obama campaign. During his campaign Senator Obama made certain promises to U.S. citizens abroad.
In a recent comment Roger Conklin wrote:
@Wellington, Indeed Romney has made no pronouncements on the treatment of US citizens abroad so we don’t know what his attitude would be. But we do know that Obama made a series of commitments to “level the playing field” for us prior to the past election. His commitments unquestionably garnered massive support from expats, but he has kept none of them. With the FBAR crackdown and the enactment of FATCA he has in fact done just the opposite of what he committed he would do. What he has done is a better gauge of his policy than his pre-election promises. The result is that President Obama has left little alternative for Americans abroad but to renounce their American citizenship. Some of my Democrats Abroad leadership friends have made serious attempts to follow up Obama up on this comittment he made to overseas Americans, but their letters have been totally ignored. It was pure “campaign rhetoric. It was an outright lie.
This is very clear in the wording of the Treasury Department official who responded to the Congressman through which our contributor Markpinetree, who lives in Brazil, was attempting to obtain guidance with the statement, and I quote “…he can consider relinquishing his US citizenship.”
Ironic that in light of this recommendation two Senators of President Obama’s party have introduced a bill to more severely punish citizen like Sevarin who have followed this recommendation and renounced by making sure they continue to be subject to US capital gains taxes at twice the tax rate of persons residing in the US. This is in addition to the massive Soviet-style exit tax have already paid when they renounced their citizenship.
Actions speak much louder than words.
Might be worth using twitter to attack the President on the “Keeping His Word” issue.