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HR 6535 112th Congress House Taxation Appropriations Budget process Capital gains tax Conflicts and wars Defense spending Income tax rates Military operations and strategy

Save America's National Economy Act

Introduced: September 21, 2012 Introduced by: Nadler, Jerrold Democratic · New York See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 21, 2012
Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 21, 2012
Introduced in House
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 Plain-English summary Congressional Research Service

Save America's National Economy Act - Repeals provisions of the Balanced Budget and Emergency Deficit Control Act of 1985, as added by the Budget Control Act of 2011, that require automatic reductions in discretionary spending (sequestration) between FY2013 and FY2021.

Amends the Internal Revenue Code to: (1) increase individual income tax rates for taxpayers whose taxable income exceeds $1 million, and (2) provide for an adjustment in the capital gains tax of taxpayers whose taxable income is subject to the 45% tax bracket.

Establishes caps on funding levels for overseas contingency operations and related activities for FY2013-FY2021.

What's happening now September 21, 2012

Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Related & companion bills 1
  • HR 1124 Related bill Fairness in Taxation Act of 2011
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Schakowsky, Janice D.
Illinois · Sep 21, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6535: Save America's National Economy Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-6535/
MLA
"H.R. 6535: Save America's National Economy Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-6535/.
Bluebook (legal)
H.R. 6535, 112th Cong. (2026), https://openamerica.io/bill/112-HR-6535/.
Markdown link
[H.R. 6535: Save America's National Economy Act](https://openamerica.io/bill/112-HR-6535/)
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