Double Taxation

Daniel Mitchell of the Heritage Foundation exposes the US practice of ‘world wide taxation’ where expatriates living overseas are forced to pay US taxes along with the taxes they pay in their adopted country. He explains the harm this does to business because many of the companies agree to pay for their employees taxes so that they are not paying more than they would if they lived in the US. Senator Jim DeMint seeks to relief expatriates and their companies of this burden through the "Working American Competitiveness Act" which would eliminate this tax burden. By lowering the cost of business, this bill has the chance to increase American competitiveness overseas by increasing exports and job opportunities. Much like the president’s tax cuts, the idea of lowering tax rates does lead to growth

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