House Bill 589
116th Congress(2019-2020)
Middle Class Savings Act
Introduced
Introduced in House on Jan 16, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
589
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Middle Class Savings Act
This bill 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 Tax Cuts and Jobs Act).
January 16, 2019
01/16/2019
Referred to the House Committee on Ways and Means.
01/16/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 2:17:30 PM