Text: H.R.5871 — 113th Congress (2013-2014)All Information (Except Text)

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Introduced in House (12/11/2014)


113th CONGRESS
2d Session
H. R. 5871


To tax capital gains at the same rate as ordinary income.


IN THE HOUSE OF REPRESENTATIVES

December 11, 2014

Mr. Grayson introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To tax capital gains at the same rate as ordinary income.

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 “Dollar is a Dollar Act”.

SEC. 2. Repeal of capital gains tax cap.

Subsection (h), entitled “Maximum capital gains rate”, of section 1 of the Internal Revenue Code of 1986 is hereby repealed.