,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #fcf  ,,in ,,the ,,house ,,of   
,,representatives  ,january #bd1        
#bjag,ms4 ,schakowsky 7for herself1 ,mr4
 ,nadler1 ,mr4 ,grijalva1 ,ms4 ,norton1 
,ms4 ,de,lauro1 ,ms4 ,lee1 ,mr4         
,cummings1 ,mr4 ,ellison1 ,mr4 ,serrano1
 ,mr4 ,pocan1 ,mr4 ,cohen1 and ,mr4     
,conyers7 introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to amend 
the ,internal ,revenue ,code of #aihf to
 impose increased rates of tax with     
respect to taxpayers with more than     
#a1jjj1jjj taxable income1 and for other
 purposes4  #a4 ,short title ,this ,act 
may be cited as the ,fairness in        
,taxation ,act of #bjag4  #b4 ,increased
 tax rates for taxpayers with more than 
#a1jjj1jjj taxable income  7a7 ,in      
general  7#a7 ,married individuals      
filing joint returns and surviving      
spouses ,the table contained in         
subsection 7a7 of section #a of the     
,internal ,revenue ,code of #aihf is    

amended to read as follows3  ,if taxable
 income is3,the tax is3  ,not over      
#ah1fejaj of taxable income4 ,over      
#ah1fej but not over #ge1ijja1hfe1 plus 
#ae of the excess over #ah1fej4 ,over   
#ge1ijj but not over #aec1ajjaj1deb4ej1 
plus #be of the excess over #ge1ijj4    
,over #aec1ajj but not over             
#bcc1cejbi1geb4ej1 plus #bh of the      
excess over #aec1ajj4 ,over #bcc1cej but
 not over #daf1gjjeb1bbb4ej1 plus #cc of
 the excess over #bcc1cej4 ,over        
#daf1gjj but not over #dgj1gjjaab1gbh1  
plus #ce of the excess over #daf1gjj4   
,over #dgj1gjj but not over             
#a1jjj1jjjaca1fbh1 plus #ci4f of the    
excess over #dgj1gjj4 ,over #a1jjj1jjj  
but not over #aj1jjj1jjjcda1bca1 plus   
#de of the excess over #a1jjj1jjj4 ,over
 #aj1jjj1jjj but not over               
#bj1jjj1jjjd1cia1bca1 plus #df of the   
excess over #aj1jjj1jjj4 ,over          
#bj1jjj1jjj but not over                
#ajj1jjj1jjjh1iia1bca1 plus #dg of the  
excess over #bj1jjj1jjj4 ,over          

#ajj1jjj1jjj but not over               
#a1jjj1jjj1jjjdf1eia1bca1 plus #dh of   
the excess over #ajj1jjj1jjj4 ,over     
#a1jjj1jjj1jjjdgh1cia1bca1 plus #di over
 the excess over #a1jjj1jjj1jjj4  7#b7  
,heads of household ,the table contained
 in subsection 7b7 of section #a of such
 ,code is amended to read as follows3   
,if taxable income is3,the tax is3 ,not 
over #ac1cejaj of taxable income4 ,over 
#ac1cej but not over #ej1hjj #a1cce1    
plus #ae of the excess over #ac1cej4    
,over #ej1hjj but not over              
#aca1bjjf1ieb4ej1 plus #be of the excess
 over #ej1hjj4 ,over #aca1bjj but not   
over #bab1ejjbg1jeb4ej1 plus #bh of the 
excess over #aca1bjj4 ,over #bab1ejj but
 not over #daf1gjjdi1haf4ej1 plus #cc of
 the excess over #bab1ejj4 ,over        
#daf1gjj but not over                   
#ddd1eejaag1bjb4ej1 plus #ce of the     
excess over #daf1gjj4 ,over #ddd1eej but
 not over #a1jjj1jjjabf1iej1 plus #ci4f 
of the excess over #ddd1eej4 ,over      
#a1jjj1jjj but not over                 

#aj1jjj1jjjcdf1ijh1 plus #de of the     
excess over #a1jjj1jjj4 ,over           
#aj1jjj1jjj but not over                
#bj1jjj1jjjd1cif1ijh1 plus #df of the   
excess over #aj1jjj1jjj4 ,over          
#bj1jjj1jjj but not over                
#ajj1jjj1jjjh1iif1ijh1 plus #dg of the  
excess over #bj1jjj1jjj4 ,over          
#ajj1jjj1jjj but not over               
#a1jjj1jjj1jjjdf1eif1ijh1 plus #dh of   
the excess over #ajj1jjj1jjj4 ,over     
#a1jjj1jjj1jjjdgh1eif1ijh1 plus #di of  
the excess over #a1jjj1jjj1jjj4  7#c7   
,unmarried individuals 7other than      
surviving spouses and heads of          
households7 ,the table contained in     
subsection 7c7 of section #a of such    
,code is amended to read as follows3    
,if taxable income is3,the tax is3  ,not
 over #i1cbeaj of taxable income4 ,over 
#i1cbe but not over #cg1iejicb4ej1 plus 
#ae of the excess over #i1cbe4 ,over    
#cg1iej but not over #ia1ijje1bbf4be1   
plus #be of the excess over #cg1iej4    
,over #ia1ijj but not over              

#aia1fejah1gac4ge1 plus #bh of the      
excess over #ia1ijj4 ,over #aia1fej but 
not over #daf1gjjdf1fdc4ge1 plus #cc of 
the excess over #aia1fej4 ,over #daf1gjj
 but not over #dah1djjabj1iaj4be1 plus  
#ce of the excess over #daf1gjj4 ,over  
#dah1djj but not over                   
#a1jjj1jjjaba1eje4be1 plus #ci4f of the 
excess over #dah1djj4 ,over #a1jjj1jjj  
but not over #aj1jjj1jjjcea1hai1 plus   
#de of the excess over #a1jjj1jjj4 ,over
 #aj1jjj1jjj but not over               
#bj1jjj1jjjd1dja1hai1 plus #df of the   
excess over #aj1jjj1jjj4 ,over          
#bj1jjj1jjj but not over                
#ajj1jjj1jjji1jja1hai1 plus #dg of the  
excess over #bj1jjj1jjj4 ,over          
#ajj1jjj1jjj but not over               
#a1jjj1jjj1jjjdf1fja1hai1 plus #dh of   
the excess over #ajj1jjj1jjj4 ,over     
#a1jjj1jjj1jjjdgh1fja1hai1 plus #di of  
the excess over #a1jjj1jjj1jjj4  7#d7   
,married individuals filing separate    
returns ,the table contained in         
subsection 7d7 of section #a of such    

,code is amended to read as follows3 ,if
 taxable income is3,the tax is3 ,not    
over #i1cbeaj of taxable income4 ,over  
#i1cbe but not over #cg1iejicb4ej1 plus 
#ae of the excess over #i1cbe4 ,over    
#cg1iej but not over #gf1eeje1bbf4be1   
plus #be of the excess over #cg1iej4    
,over #gf1eej but not over              
#aaf1fgead1hgf4ge1 plus #bh of the      
excess over #gf1eej4 ,over #aaf1fge but 
not over #bjh1cejbf1aaa4be1 plus #cc of 
the excess over #aaf1fge4 ,over #bjh1cej
 but not over #bce1cejef1cfd1 plus #ce  
of the excess over #bjh1cej ,over       
#bce1cej but not over #ejj1jjj #fe1had1 
plus #ci4f of the excess over #bce1cej4 
,over #ejj1jjj but not over             
#e1jjj1jjjagj1fae1 plus #de of the      
excess over #ejj1jjj4 ,over #e1jjj1jjj  
but not over #aj1jjj1jjjb1aie1fae1 plus 
#df of the excess over #e1jjj1jjj4 ,over
 #aj1jjj1jjj but not over               
#ej1jjj1jjjd1die1fae1 plus #dg of the   
excess over #aj1jjj1jjj4 ,over          
#ej1jjj1jjj but not over                

#ejj1jjj1jjjbc1bie1fae1 plus #dh of the 
excess over #ej1jjj1jjj4 ,over          
#ejj1jjj1jjjbci1bie1fae1 plus #di of the
 excess over #ejj1jjj1jjj4  7#e7        
,inflation adjustment ,subsection 7f7 of
 section #a of such ,code is amended by 
adding at the end the following new     
paragraph3  7#i7 ,special rule for      
taxable years beginning after #bjag ,in 
prescribing the tables under paragraph  
7#a7 which apply with respect to taxable
 years beginning in a calendar year     
after #bjag1 the cost-of-living         
adjustment under paragraph 7#c7 shall be
 determined by substituting #bjaf for   
#aiib in subparagraph 7,b7 thereof4  4  
7#f7 ,conforming amendment ,section #a  
of such ,code is amended by striking    
subsection 7i74  7b7 ,recapture of lower
 capital gains rates for individuals    
subject to added rate brackets  7#a7 ,in
 general ,section #a of such ,code is   
amended by adding at the end the        
following new subsection3  7j7 ,special 
rule for capital gains in case of       

taxable income subject to at least      
#de-,percent rate bracket ,if for the   
taxable year a taxpayer has taxable     
income in excess of the minimum dollar  
amount for the #de-percent rate bracket 
and has a net capital gain1 then--  7#a7
 the tax imposed by this section for the
 taxable year with respect to such      
excess shall be determined without      
regard to subsection 7h71 and  7#b7 the 
amount of net capital gain of the       
taxpayer taken into account for the     
taxable year under subsection 7h7 shall 
be reduced by the lesser of--  7,a7 such
 excess1 or  7,b7 the net capital gain  
for the taxable year4  ,any reduction in
 net capital gain under the preceding   
sentence shall be allocated between     
adjusted net capital gain1 unrecaptured 
#abej gain1 and section #abjb gain in   
amounts proportionate to the amounts of 
each such gain4 ,any term used in this  
subsection which is also used in        
subsection 7h7 shall have the meaning   
given such term in subsection 7h74  4   

7#b7 ,conforming amendment ,paragraph   
7#a7 of section #a7;h7 of such ,code is 
amended by striking ,if a taxpayer has  
and inserting ,except to the extent     
provided in subsection 7j71 if a        
taxpayer has4  7c7 ,effective date ,the 
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjaf4