Dollar is a Dollar Act

Bill: 113-hr-5871
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2014-12-11
Policy area: Taxation
Subjects: Capital gains tax

Income tax rates
Latest action: action_date: 2014-12-11
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-12-11
action_desc: Introduced in House
text: <p>Dollar is a Dollar Act - Amends the Internal Revenue Code to repeal provisions allowing a lower income tax rate for capital gains income.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5871 IN THE HOUSE OF REPRESENTATIVES December 11, 2014 Mr. Grayson introduced the following bill; which was referred to the Committee on Ways and Means A BILL To tax capital gains at the same rate as ordinary income.

1. Short title This Act may be cited as the Dollar is a Dollar Act . 2. Repeal of capital gains tax cap Subsection (h), entitled Maximum capital gains rate , of section 1 of the Internal Revenue Code of 1986 is hereby repealed.