What happens to Americans when they say goodbye to Uncle Sam and opt for citizenship elsewhere? A few US lawmakers are proposing that expatriates be banned from ever returning to America — and are taxed heavily once gone.
Senators Charles Schumer (D-New York) and Bob Casey (D-Pennsylvania) are suggesting that Congress hears a law that would force former citizens of the US to pay hefty taxes long after renouncing their citizenship and also bans them from ever setting foot again on American soil.
The proposed legislation is being dubbed the Ex-PATRIOT Act, an obnoxious acronym for the Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy bill. If passed, it intends to put pressure on US citizens from saying sayonara and shipping off elsewhere.