H.R. 2908

119th CONGRESS 1st Session

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 · Sponsor: Mr. Barr · Committee: Committee on Ways and Means

Table of contents

• H.R. 2908
  • SEC. 1. Short title
  • SEC. 2. Application of current income tax bracket breakpoints to capital gains brackets

SEC. 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
  • of the Internal Revenue Code of 1986 is amended— Section 1(j)(5)(B)
    • by striking in clause (i)(I) and inserting inserting03,350,
    • by striking in clause (i)(II) and inserting $69,200,
    • by striking in clause (ii)(I) and inserting $626,350,
    • by striking in clause (ii)(II) and inserting $591,600, and
    • by striking in clause (ii)(III) and inserting $591,600.
• (b) Effective date
  • The amendments made by this Act shall apply with respect to taxable years beginning after December 31, 2024.