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H.R. 2908

U.S. House•In House Committee

Summary

H.R. 2908, the Middle Class Savings Act, was introduced in the House on Apr 14, 2025 by Rep. Garland Barr (R). It was referred to Ways And Means, and last saw action on Apr 14, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 2908 has no co-sponsors and has not gone to a roll call.

hb2908/introduced-in-house.txt
119 HR 2908 IH: Middle Class Savings Act
 U.S. House of Representatives
 2025-04-14
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 2908  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.
1.
Short title
This Act may be cited as the   Middle Class Savings Act  .
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.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-04-14
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to apply current income tax bracket breakpoints to capital gains brackets.

Sponsors

Rep. Garland Barr (R) sponsors H.R. 2908 alone.

Garland Barr

Rep. · R–KY-6 · Sponsor

Committees

H.R. 2908 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Apr 14, 2025 · 1,160 Bills

Actions

H.R. 2908 has taken 2 actions since Apr 14, 2025.

ChamberAction
Apr 14, 2025
House
Introduced in House
Apr 14, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 2908 has not gone to a roll call.

Titles

H.R. 2908 goes by 3 titles, 1 of them short titles.

  • Middle Class Savings Act — Display Title
  • Middle Class Savings Act — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to apply current income tax bracket breakpoints to capital gains brackets. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 2908 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 2908’s is Taxation.

hr2908/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com