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    <number>3591</number>
    <updateDate>2023-01-11T20:29:42Z</updateDate>
    <updateDateIncludingText>2023-01-11T20:29:42Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2007-09-19</introducedDate>
    <congress>110</congress>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2007-09-19T14:02:35Z</date>
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        <actionDate>2007-09-19</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Introduced in House</text>
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        <actionDate>2007-09-19</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>L000043</bioguideId>
        <fullName>Rep. Lampson, Nick [D-TX-22]</fullName>
        <firstName>NICK</firstName>
        <lastName>LAMPSON</lastName>
        <party>D</party>
        <state>TX</state>
        <district>22</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H001038</bioguideId>
        <fullName>Rep. Higgins, Brian [D-NY-27]</fullName>
        <firstName>Brian</firstName>
        <lastName>Higgins</lastName>
        <party>D</party>
        <state>NY</state>
        <district>27</district>
        <sponsorshipDate>2007-11-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Tax deductions</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2007-09-19</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2007-10-05T17:58:30Z</updateDate>
        <text><![CDATA[ <p>Middle Class Investor Tax Relief Act of 2007 - Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for their net capital gains. Limits the amount of the deduction based upon taxpayer adjusted gross income. </p>]]></text>
      </summary>
    </summaries>
    <title>Middle Class Investor Tax Relief Act of 2007</title>
    <titles>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide that the net capital gain of certain individuals shall not be subject to tax.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>Middle Class Investor Tax Relief Act of 2007</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Middle Class Investor Tax Relief Act of 2007</title>
      </item>
    </titles>
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        <type>Introduced in House</type>
        <date>2007-09-19T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-110hr3591ih/xml/BILLS-110hr3591ih.xml</url>
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        </formats>
      </item>
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    <latestAction>
      <actionDate>2007-09-19</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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