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To amend the Internal Revenue Code of 1986 to apply current income tax bracket breakpoints to capital gains brackets.
Summary
This bill amends the Internal Revenue Code to align capital gains tax bracket thresholds with ordinary income tax bracket thresholds. Currently, capital gains are taxed at different bracket breakpoints than ordinary income; this bill adjusts the capital gains brackets upward to match the income brackets. The changes are effective for taxable years beginning after December 31, 2024.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Barr, Andy [R-KY-6] (R-KY)
Money behind the sponsor
Top reported contributors to Andy Barr’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $274,323
- BANC OF CALIFORNIA $60,083
- APOLLO GLOBAL MANAGEMENT $32,200
- BLACKSTONE $28,900
- WELLS FARGO $23,366
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Andy Barr → · Outside spending →
Actions (2)
- Apr 14, 2025 Referred to the House Committee on Ways and Means. · house
- Apr 14, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
April 14, 2025
Mr. Barr introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to apply current income tax bracket breakpoints to capital gains brackets.
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 “Middle Class Savings Act”.
SEC. 2. APPLICATION OF CURRENT INCOME TAX BRACKET BREAKPOINTS TO CAPITAL GAINS BRACKETS.
(a) In General.—Section 1(j)(5)(B) of the Internal Revenue Code of 1986 is amended—
(1) by striking “$77,200” in clause (i)(I) and inserting “$103,350”,
(2) by striking “$51,700” in clause (i)(II) and inserting “$69,200”,
(3) by striking “$479,000” in clause (ii)(I) and inserting “$626,350”,
(4) by striking “$452,400” in clause (ii)(II) and inserting “$591,600”, and
(5) by striking “$425,800” 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. <all>
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