A bill to amend the Internal Revenue Code of 1954 to exclude the first $75,000 a year of earned income for an American working abroad, and for other purposes.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from $20,000 to $75,000 the amount of the earned income tax exclusion for Americans working abroad. Repeals the income tax deduction for expenses of Americans living abroad.…