The decision to drop the expatriation tax provision from the final conference version of the bill has been the subject of much debate over the last week. I certainly don't presume to speak for the other conferees. But for myself I repeat as I have said on two occasions on this floor over the past week: We should proceed with care when we are dealing with human rights issues, particularly when the group involved is a despised group--that is, millionaires who renounce their citizenship for money. As the Senator who first proposed the expatriation tax provision, I will see this matter through to a conclusion.
Patrick Moynihan: “The decision to drop the expatriation tax provision from the final conference version of the bill has been the subject…”
Editor's note · Context
Discussing the decision to drop the expatriation tax provision from a bill during a House-Senate conference.
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