• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
PoliticsPolitics

Trump is now promising tax breaks to Americans overseas

By
Bill Barrow
Bill Barrow
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Bill Barrow
Bill Barrow
and
The Associated Press
The Associated Press
Down Arrow Button Icon
October 10, 2024, 1:53 PM ET
Republican presidential nominee former President Donald Trump dances at a campaign rally at the Santander Arena, Wednesday, Oct. 9, 2024, in Reading, Pa.
Republican presidential nominee former President Donald Trump dances at a campaign rally at the Santander Arena, Wednesday, Oct. 9, 2024, in Reading, Pa.(AP Photo/Alex Brandon)

Donald Trump is proposing to grant a key tax break to U.S. citizens living overseas, pitching the idea as an effort to court votes from potentially millions of Americans who could benefit.

Recommended Video

The former president and Republican nominee made the pledge in a video released by Republicans Overseas CEO Solomon Yue. Trump was expected to emphasize his idea Thursday during an appearance at the Economic Club of Detroit.

It’s the latest in a series of tax breaks Trump has targeted at specific constituencies. He’s also proposing to exempt tip income, overtime pay and Social Security benefits from income taxes.

Those three previous proposals are mostly aimed at working- and middle-class voters. But the bulk of Trump’s tax plan — reinstituting his 2017 tax overhaul and lowering the corporate income tax rate from 21% to 15% — remains tilted to corporations and the wealthiest Americans.

Trump’s promise concerns policies that can require Americans overseas to pay taxes in the country where they reside and to the U.S. government. The U.S. has bilateral agreements with some nations that ease the burden in some cases.

His campaign has not offered details of his proposal.

“You have to make sure that you are registered and you are going to vote, because I’m going to take very good care of you,” Trump says in the video statement that Yue posted to his account on the social media platform X.

“Once and for all, I’m going to end double taxation on our overseas citizens,” Trump continued. “You’ve been wanting this for years, and nobody has listened to you. And you deserve it. And I’m going to do it. … I’m going to get this done for you.”

The overseas tax breaks could also end up favoring some wealthy citizens, because it could open more opportunities for them to live abroad in low-tax countries and avoid U.S. taxes.

Yue praised Trump for his commitment.

“Republicans Overseas has been fighting for the rights of Americans abroad since its inception ten years ago,” Yue said in a statement. “We have spoken to many politicians over the years, and while they sympathized with the burden of double taxation, very few have been willing to act.”

The former president’s embrace of U.S citizens living abroad comes after statements lumping those voters in with his unfounded accusations that Democrats plan to commit widespread fraud in the 2024 election.

“The Democrats are talking about how they’re working so hard to get millions of votes from Americans living overseas,” Trump wrote on his Truth Social platform Sept. 23. “Actually, they are getting ready to CHEAT!”

He argued that efforts to make it easier for overseas citizens to vote would “dilute” the votes of military service members who Trump believes will favor him over Democratic nominee Kamala Harris.

“WATCH! Remember, IF YOU VOTE ILLEGALLY,” he threatened, “YOU’RE GOING TO JAIL.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Bill Barrow
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Pope Leo XIV presenting his 'AI encyclical' at the Vatican in Rome. The Pope, dressed in white, is sitting in a large chair with a laptop open in front of him and flowers arranged on the table in front of the laptop,
NewslettersEye on AI
Pope Leo’s ‘AI encyclical’ says a lot. But critics say it misses the mark
By Jeremy KahnMay 26, 2026
1 hour ago
indonesia
AsiaIndonesia
Indonesia jolts China with ‘hostile takeover’ of key commodities in American-influenced move
By Edna Tarigan, Anton L. Delgado and The Associated PressMay 26, 2026
4 hours ago
ss
PoliticsWorld Cup
Mexico’s Sheinbaum confirms U.S. asked Iran’s World Cup team to move to Tijuana
By The Associated PressMay 26, 2026
4 hours ago
sa
Politicsimpeachment
How $580,000 hidden under a sofa cushion became a constitutional crisis in South Africa
By Gerald Imray and The Associated PressMay 26, 2026
4 hours ago
t
PoliticsIran
Iran slams U.S. strikes as sign of ‘bad faith and unreliability’
By The Associated PressMay 26, 2026
4 hours ago
a
EnergyCorporate Governance
BP ousts chairman months into his tenure, citing ‘important governance standards, oversight and conduct’ concerns
By Michelle Chapman and The Associated PressMay 26, 2026
4 hours ago

Most Popular

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
Travel & Leisure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
By Catherina GioinoMay 25, 2026
1 day ago
The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
Economy
The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
By Nick LichtenbergMay 25, 2026
1 day ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
5 days ago
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
Real Estate
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezMay 25, 2026
1 day ago
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
Investing
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
By Eva RoytburgMay 25, 2026
1 day ago
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
Commentary
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
By Jeffrey Sonnenfeld and Steven TianMay 26, 2026
8 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.