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- S.4393
S.4393: Middle-Class Savings and Investment Act
About This Bill
- Introduced June 14, 2022
- Latest Major Action June 14, 2022
Bill Sponsor
Bill Cosponsors
7 (All Republicans)
Bill Version
- Introduced in Senate - June 14, 2022
Bill Summary
Middle-Class Savings and Investment Act This bill provides tax incentives for savings and investment for middle-income taxpayers. Specifically, it (1) increases the current tax bracket for capital gains and dividends; (2) allows an exclusion from gross income for up to $300 of interest income received by a taxpayer; (3) increases the threshold for the net investment tax for married couples filing jointly to $400,000, adjusted for inflation...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| June 14, 2022 |
Read twice and referred to the Committee on Finance.
|
| June 14, 2022 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure. CR S2942-2943)
|
| June 14, 2022 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |