3.0.0 3265 2023-01-11T13:49:44Z 2023-01-11T13:49:44Z House HR 2021-05-17 117 [Congressional Record Volume 167, Number 85 (Monday, May 17, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 3265.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution of theUnited States.[Page H2421]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-05-17T16:02:25Z 2021-05-17 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-05-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-05-17 Introduced in House IntroReferral 1000 9 Library of Congress B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 N L000578 Rep. LaMalfa, Doug [R-CA-1] Doug LaMalfa R CA 1 2021-05-17 True A000372 Rep. Allen, Rick W. [R-GA-12] Rick Allen R GA W. 12 2021-05-17 True N000190 Rep. Norman, Ralph [R-SC-5] Ralph Norman R SC 5 2021-05-17 True R000609 Rep. Rutherford, John H. [R-FL-4] John Rutherford R FL H. 4 2021-05-17 True C001118 Rep. Cline, Ben [R-VA-6] Ben Cline R VA 6 2021-05-17 True M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2021-05-17 True D000626 Rep. Davidson, Warren [R-OH-8] Warren Davidson R OH 8 2021-07-13 False P000609 Rep. Palmer, Gary J. [R-AL-6] Gary Palmer R AL J. 6 2021-07-13 False J000292 Rep. Johnson, Bill [R-OH-6] Bill Johnson R OH 6 2021-07-28 False L000589 Rep. Lesko, Debbie [R-AZ-8] Debbie Lesko R AZ 8 2021-10-20 False L000266 Rep. LaTurner, Jake [R-KS-2] Jake LaTurner R KS 2 2021-10-25 False M001136 Rep. McClain, Lisa C. [R-MI-10] Lisa McClain R MI C. 10 2021-11-05 False Taxation Capital gains tax Income tax rates Tax administration and collection, taxpayers Taxation 00 2021-05-17 Introduced in House 2021-07-16T12:38:21Z Middle Class Savings Act

This bill modifies the tax brackets that apply to taxes on capital gains. The bill aligns the thresholds with the brackets for the regular income tax rates enacted in P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act).

]]> Middle Class Savings Act Display Title Middle Class Savings Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to apply current income tax bracket breakpoints to capital gains brackets. Introduced in House IH Short Title(s) as Introduced Middle Class Savings Act Introduced in House IH Introduced in House 2021-05-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr3265ih/xml/BILLS-117hr3265ih.xml 2021-05-17 Referred to the House Committee on Ways and Means. text/xml EN 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. Congressional Research Service, Library of Congress 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.