Introduced in House

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2908 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 2908

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


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 14, 2025

   Mr. Barr 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 
             bracket breakpoints 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 BRACKET BREAKPOINTS 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 
        ``$103,350'',
            (2) by striking ``$51,700'' in clause (i)(II) and inserting 
        ``$69,200'',
            (3) by striking ``$479,000'' in clause (ii)(I) and 
        inserting ``$626,350'',
            (4) by striking ``$452,400'' in clause (ii)(II) and 
        inserting ``$591,600'', and
            (5) by striking ``$425,800'' in clause (ii)(III) and 
        inserting ``$591,600''.
    (b) Effective Date.--The amendments made by this Act shall apply 
with respect to taxable years beginning after December 31, 2024.
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