Summary: H.R.589 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.589. Bill summaries are authored by CRS.

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Introduced in House (01/16/2019)

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 the Tax Cuts and Jobs Act).