[mattduke]

$this->bbcode_second_pass_quote('', 'T')he Exit Tax happened quickly. It was introduced on May 16, 2008. It passed with only 3 dissenting votes in the House on May 20th. It passed in the Senate unanimously on May 22nd. All this in only 6 days. (The three dissenting votes in the house were David Wu, Barney Frank and Ron Paul.) The bill becomes law when President Bush signs it, or after 30 days from its passage, whichever comes first.

[Dreamtwister]

Oh my god, have you read the whole bill yet? Check out this little gem in section 877(A) subsection 'g':

$this->bbcode_second_pass_quote('', '`')(B) EXCEPTIONS- An individual shall not be treated as meeting the requirements of subparagraph (A) or (B) of section 877(a)(2) if--

`(i) the individual--

`(I) became at birth a citizen of the United States and a citizen of another country and, as of the expatriation date, continues to be a citizen of, and is taxed as a resident of, such other country