[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6179 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 6179

To amend the Internal Revenue Code of 1986 to apply current income tax 
                  brackets to capital gains brackets.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 21, 2018

Mr. Barr (for himself, Mr. Holding, Mr. Babin, and Mr. Dunn) introduced 
  the following bill; which was referred to the Committee on Ways and 
                                 Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to apply current income tax 
                  brackets to capital gains brackets.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Middle Class Savings Act''.

SEC. 2. APPLICATION OF CURRENT INCOME TAX BRACKETS TO CAPITAL GAINS 
              BRACKETS.

    (a) In General.--Section 1(j)(5)(B) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``$77,200'' in clause (i)(I) and inserting 
        ``$77,400'';
            (2) by striking ``$51,700'' in clause (i)(II)and inserting 
        ``$51,800'';
            (3) by striking ``$479,000'' in clause (ii)(I) and 
        inserting ``$600,000'';
            (4) by striking ``$452,400'' in clause (ii)(II) and 
        inserting ``$500,00''; and
            (5) by striking ``$425,800'' in clause (ii)(III) and 
        inserting ``$500,000''.
    (b) Effective Date.--The amendments made by this Act shall apply 
with respect to taxable years beginning after the date of enactment of 
this Act.
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