Great post, OP--preach! I too have lived outside the US for years, and my tax prep costs $2000 to $4000 per year for a professional--usually between 60 to 100 pages. Just as important, I spend probably 20-40 hours a year on it, and it's not even like I can just take a full week to do it! It's spread out all year: Several hours at the beginning of the year to figure out what I owe before mid April to not pay extra late fees; Then gathering the taxes paid info in my local country, and using it to estimate my quarterly estimated payments for the current tax year; Then getting everything ready for the accountant by the summer, but almost ever year he is too busy (or on vacation maybe) in the summer, so he files for delayed submission date...and then by October we wrap it up, just to have 2 months til the end of the year before it starts all over again!

I too am not trying to dodge taxes--Depending on which country I have lived in, I have a roughly similar tax rate as the US (without the $2-4k prep fees). But as a self employed (entrepreneur) American abroad, who has mostly lived in countries without a US tax treaty (note: this includes most countries in the world, outside of Western Europe, Canada, Japan, Korea, Australia, and a handful of others), I pay a 15.3% self employment tax to the US every year.

So yes, this bill would be a much more ethical, humane solution to this unjust dynamic where the US "owns" citizens and claims a right to their income no matter where they live, how long they lived there, or even if they have no intentions of returning! This bill deserves support!