HR 3552 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to reduce the maximum capital gains rate to 15 percent.

Introduced 1987-10-27· Sponsored by Rep. Mack, Connie, III [R-FL-13]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-10-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce from 28 to 15 percent the maximum income tax rate applicable to the long-term capital gains of individuals. Excludes capital gains from the phaseout affecting personal exemptions and the 15 percent income tax rate.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Republicans
Rep. Dornan, Robert K. [R-CA-38]CA
Rep. Lagomarsino, Robert J. [R-CA-19]CA
Rep. Stump, Bob [R-AZ-3]AZ
Rep. Hyde, Henry J. [R-IL-6]IL
Rep. Saiki, Patricia [R-HI-1]HI
Rep. Ballenger, Cass [R-NC-10]NC
Rep. Wortley, George C. [R-NY-27]NY
Rep. Boulter, Beau [R-TX-13]TX
Rep. Lukens, Donald E. [R-OH-8]OH
Rep. Swindall, Patrick L. [R-GA-4]GA
Rep. Petri, Thomas E. [R-WI-6]WI
Rep. Daub, Hal [R-NE-2]NE
Rep. Livingston, Bob [R-LA-1]LA
Rep. Fish, Hamilton, Jr. [R-NY-21]NY
Rep. Packard, Ron [R-CA-43]CA
Rep. Brown, Hank [R-CO-4]CO
Rep. Weber, Vin [R-MN-2]MN
Rep. DeLay, Tom [R-TX-22]TX
Rep. Kyl, Jon [R-AZ-4]AZ
Rep. DioGuardi, Joseph J. [R-NY-20]NY