US HB589 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 21-0)
Status: Introduced on January 16 2019 - 25% progression, died in committee
Action: 2019-01-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 16 2019 - 25% progression, died in committee
Action: 2019-01-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the tax brackets that apply to taxes on capital gains. The bill aligns the thresholds with the brackets for the regular income tax rates enacted in P.L. 115-97 (commonly known as the the Tax Cuts and Jobs Act).
Title
Middle Class Savings Act
Sponsors
| Rep. Garland Barr [R-KY] | Rep. Doug LaMalfa [R-CA] | Rep. Earl Carter [R-GA] | Rep. Gus Bilirakis [R-FL] |
| Rep. Brian Babin [R-TX] | Rep. Bob Gibbs [R-OH] | Rep. David Roe [R-TN] | Rep. Gary Palmer [R-AL] |
| Rep. George Holding [R-NC] | Rep. Dan Meuser [R-PA] | Rep. Denver Riggleman [R-VA] | Rep. Scott Tipton [R-CO] |
| Rep. Greg Murphy [R-NC] | Rep. Paul Mitchell [R-MI] | Rep. Don Bacon [R-NE] | Rep. French Hill [R-AR] |
| Rep. John Rutherford [R-FL] | Rep. Warren Davidson [R-OH] | Rep. Ben Cline [R-VA] | Rep. Rick Allen [R-GA] |
| Rep. Ralph Norman [R-SC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-16 | House | Referred to the House Committee on Ways and Means. |
| 2019-01-16 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/589/all-info |
| Text | https://www.congress.gov/116/bills/hr589/BILLS-116hr589ih.pdf |
