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HR 589 116th Congress House Taxation Capital gains tax Income tax rates Tax administration and collection, taxpayers

Middle Class Savings Act

Introduced: October 18, 2019 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jan 16, 2019
Referred to the House Committee on Ways and Means.
Jan 16, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

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 Tax Cuts and Jobs Act).

What's happening now January 16, 2019

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 18
All 18 Republican 13
R
Norman, Ralph
South Carolina · Jan 8, 2020
 R
Allen, Rick W.
Georgia · Nov 20, 2019
 R
Cline, Ben
Virginia · Nov 20, 2019
 R
Davidson, Warren
Ohio · Nov 1, 2019
 R
Bacon, Don
Nebraska · Oct 30, 2019
 R
Hill, J. French
Arkansas · Oct 30, 2019
Mitchell, Paul
· Oct 30, 2019
 R
Murphy, Gregory F.
North Carolina · Oct 30, 2019
 R
Rutherford, John H.
Florida · Oct 30, 2019
Tipton, Scott
· Oct 22, 2019
 R
Babin, Brian
Texas · Oct 18, 2019
 R
Bilirakis, Gus M.
Florida · Oct 18, 2019
 R
Carter, Earl L. "Buddy"
Georgia · Oct 18, 2019
Gibbs, Bob
· Oct 18, 2019
Holding, George
· Oct 18, 2019
 R
Meuser, Daniel
Pennsylvania · Oct 18, 2019
 R
Palmer, Gary J.
Alabama · Oct 18, 2019
Roe, David
· Oct 18, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 589: Middle Class Savings Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-589/
MLA
"H.R. 589: Middle Class Savings Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-589/.
Bluebook (legal)
H.R. 589, 116th Cong. (2026), https://openamerica.io/bill/116-HR-589/.
Markdown link
[H.R. 589: Middle Class Savings Act](https://openamerica.io/bill/116-HR-589/)
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