US Congress House Bill 6535 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on September 21 2012 - 25% progression, died in committee
Action: 2012-09-21 - Referred to House Ways and Means
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Save America's National Economy Act

Rep. Jerrold Nadler [D-NY]

Rep. Janice Schakowsky [D-IL]

Date	Chamber	Action
2012-09-21	House	Referred to House Ways and Means
2012-09-21	House	Referred to House Budget
2012-09-21	House	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.

HB1124 (Related) 2011-03-16 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/6535/all-info
Text	https://www.congress.gov/112/bills/hr6535/BILLS-112hr6535ih.pdf