International Provisions of Tax Bill Undermine U.S. Competitivenessby Daniel J. Mitchell, Ph.D. Executive Memorandum #878 May 12, 2003The Senate Finance Committee tax bill contains a number of provisions that would undermine American competitiveness and restrict fundamental rights of labor and capital to cross national borders. If approved, these provisions will undermine the parts of the tax bill--such as the acceleration of marginal tax rate reductions and small-business expensing--that promote economic growth. Three provisions are particularly damaging.Americans Working Abroad Under the Senate Finance Committee bill, Americans who work and live in other nations will have to pay tax to the IRS...