Breaking news: Cynthia Dillon (Republicans Abroad radio host and producer tweeted that RNC passed a resolution to repeal FATCA.
It didn’t take the Democrats long to condemn that move. A reporter for Time quickly tweeted the Democrats response.
DNC blasts RNC for FATCA resolution in statement pic.twitter.com/yxHinZR56R
Of course, the media are declaring Republicans Bash U.S. Law Targeting Offshore Tax Dodgers.
As Victoria says, this is a case of American Diaspora Meets A Polarized America.
Twitter is filled with venom towards those offshore tax dodgers being helped by the Republicans. That means us–stashing money in our checking, savings, retirement, checking, education and disability accounts in the countries where we live, work, earn an income, pay taxes and where the majority of us are citizens.
10 thoughts on “Breaking News: RNC Passes Repeal FATCA Resolution/DNC Criticizes”
In case there are any other US-politics dummies like me, RNC stands for republican national committee. I just looked it up.
Thanks for explaining that Outraged. In my haste to get it posted, I neglected to say what FATCA is.
James Jatras has a post about why Republicans Are Right To Support Repeal of FATCA.
However, twitter continues in large number to to slam the Republicans for this. Expect more venom on this over the next few days.
I forgive my mother for voting Republican. My previous criticism was unjustified. If I was still a US citizen, then I’d vote Republican too.
@SwissPinoy: I’m sure your mother would be very proud and is probably gloating at your apology.
The New American has an article Republican Party Votes to Repeal Punitive Tax Law which supports the Republican efforts.
They have an interesting take on why Reuters is so intent on FATCA becoming law:
The Centre for Freedom and Prosperity Applauds Resolution Calling for FATCA Repeal.
We need to recognize these are both right-leaning publications. We need to be prepared for backlash from the mainstream and left leaning media.
In a short article by William Douglas, McClathchy DC reports RNC approves FATCA repeal resolution.
The article briefly includes some of the problems of FATCA. I believe Mr. Douglas is the reporter who interviewed Ruth Freeborn.
French News On Line picked up Victoria’s excellent assessment of the polarization of US politics and republished it as FATCA Making Americans Non-Americans.
But. here comes the venom: GOP Aims to Expand Base With Key Wealthy Tax Cheats
It’s billed as satire, but the anger directed towards anyone who dares to live, work, earn an income and pay taxes outside the US is very real.
Wall Street Journal has presented both sides in Republican Party Backs FATCA Repeal Resolution
This article says:
But, we`re still labelled as tax cheats:
No mention of the fact that many of us have no connection to the US and have been citizens of other countries for years, decades or entire lives.
grrrrrrrrrr! I am not a tax cheat. I am not a tax cheat I am not a tax cheat. I am not a tax cheat. I am not a tax cheat. I am not a tax cheat.
I am Canadian. I pay taxes to my Canadian government.
@Outraged: Here is a real Grrrrrrrr for you. Listen to this rant about rich, tax evading Americans Abroad and how the Republicans are helping them.
If that’s not enough to make your blood boil, here’s more from AFL-CIO (American Federation of Labor-Congress of Industrial Organizations. They claim Rand Paul and the Republicans “love tax evasion and offshore tax havens.”
Yep, Canada sure is a huge tax haven. So is France, New Zealand, Norway, Sweden, UK and all those other “socialist” countries with far higher tax rates than the US.
CPI Financial applauds Republican common sense FATCA fightback.
The move by Republicans to champion the repeal of the Foreign Account Tax Compliance Act (FATCA) has been hailed as “a step in the direction of common sense” by Nigel Green, founder and chief executive of financial advisory firm the deVere Group.
The Washington Times has come out slamming FATCA.
In Obama Wants to Tax the World, Richard Rahn writes Congress is:
Mr. Rahn also writes about the RNC resolution:
You know what? I don’t care if anyone is right wing, left wing or a turkey wing. I just want them to leave us alone to live our ordinary tax-paying lives in our countries of choice.