[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7574]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1669. Mr. PERDUE submitted an amendment intended to be proposed to 
amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for himself 
and Ms. Murkowski)) to the bill H.R. 1, to provide for reconciliation 
pursuant to titles II and V of the concurrent resolution on the budget 
for fiscal year 2018; which was ordered to lie on the table; as 
follows:

       At the end of part I of subtitle A of title I, insert the 
     following:

     SEC. 11003. ELECTION TO TREAT CAPITAL GAINS AS ORDINARY 
                   INCOME.

       (a) In General.--Section 1(h)(1) is amended by striking 
     ``If'' and inserting ``At the election of the taxpayer, if''.
       (b) Form 1040.--Not later than 1 year after the date of the 
     enactment of this Act, the Secretary of the Treasury shall 
     modify Form 1040 to allow taxpayers to elect to treat their 
     capital gains as ordinary income.
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