Middle Class Savings Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2908 Introduced in House (IH)] <DOC> 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 14, 2025 Mr. Barr introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ 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 …