,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gcjc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #cj1 #bjbf,mr4
 ,?an$> introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to re=m ! individual     
income tax rates4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,middle ,class ,tax
 ,cut ,act4  #b4 ,increas$ /&>d d$uction
  7a7 ,9 g5]al ,section #fc7;c77#b7 ( ! 
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 9 subp>agraph 7,b71 by     
/rik+ #d1djj & ins]t+ #ge1jjj1 &  7#b7 9
 subp>agraph 7,c71 by /rik+ #c1jjj &    
ins]t+ #ej1jjj4  7b7 ,con=m+ am5dm5ts   
,section #fc7;c77#d7 ( su* ,code is     
am5d$-- 7#a7 by ins]t+ 7#bjbf 9 ! case (
 ! doll> am\nts conta9$ 9 subp>agraph   
7,b7 or 7,c7 ( p>agraph 7#b77 aft]      
#aihh1 &  7#b7 9 subp>agraph 7,b7-- 7,a7
 9 clause 7i7-- 7i7 by /rik+ p>agraph   
7#b77;,b71 7#b77;,c71 or 7#e77;,a7 &    
ins]t+ p>agraph 7#e77;,a71 &  7ii7 by   
/rik+ & at ! end1  7,b7 9 clause 7ii71  

by /rik+ ! p]iod at ! end & ins]t+ 1 &1 
&  7,c7 by add+ at ! end ! foll[+ new   
clause3  7i7 cal5d> ye> #bjbe 9 ! case (
 ! doll> am\nts conta9$ 9 subp>agraph   
7,b7 or 7,c7 ( p>agraph 7#b74  4  7c7   
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjbe4  #c4   
,individual income tax rate re=m  7a7   
,jo9t returns & surviv+ sp\ses ,section 
#a7;a7 ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$ by /rik+ ! table conta9$ 
!re9 & ins]t+ ! foll[+3 ,if taxable     
income is3,! tax is3,n ov] #bjj1jjjbe ( 
taxable income4,ov] #bjj1jjj b n ov]    
#djj1jjjej1jjj1 plus #cj ( ! excess ov] 
#bjj1jjj4 ,ov] #djj1jjj b n ov]         
#a1jjj1jjjaaj1jjj1 plus #dj ( ! excess  
ov] #djj1jjj4,ov] #a1jjj1jjj b n ov]    
#b1jjj1jjjcej1jjj1 plus #ej ( ! excess  
ov] #a1jjj1jjj4,ov] #b1jjj1jjjhej1jjj1  
plus #gj ( ! excess ov] #b1jjj1jjj4 4   
7b7 ,heads ( h\seholds ,section #a7;b7 (
 su* ,code is am5d$ by /rik+ ! table    
conta9$ !re9 & ins]t+ ! foll[+3 ,if     

taxable income is3,! tax is3,n ov]      
#aej1jjjbe ( taxable income4,ov]        
#aej1jjj b n ov] #cjj1jjjcg1ejj1 plus   
#cj ( ! excess ov] #aej1jjj4 ,ov]       
#cjj1jjj b n ov] #gej1jjjhb1ejj1 plus   
#dj ( ! excess ov] #cjj1jjj4,ov]        
#gej1jjj b n ov] #a1ejj1jjjbfb1ejj1 plus
 #ej ( ! excess ov] #gej1jjj4,ov]       
#a1ejj1jjjfcg1ejj1 plus #gj ( ! excess  
ov] #a1ejj1jjj4 4  7c7 ,o!r individuals 
,section #a ( su* ,code is am5d$ by     
/rik+ subsections 7c7 & 7d7 & ins]t+ !  
foll[+ new subsection3  7d7 ,o!r        
individuals ,!re is h]eby impos$ on !   
taxable income ( e individual 7o!r ?an  
an individual subject to tax "u         
subsection 7a7 or 7b77 a tax det]m9$ 9  
accordance ) ! foll[+ table3 ,if taxable
 income is3,! tax is3,n ov] #ajj1jjjbe (
 taxable income4,ov] #ajj1jjj b n ov]   
#bjj1jjjbe1jjj1 plus #cj ( ! excess ov] 
#ajj1jjj4 ,ov] #bjj1jjj b n ov]         
#ejj1jjjee1jjj1 plus #dj ( ! excess ov] 
#bjj1jjj4,ov] #ejj1jjj b n ov]          
#a1jjj1jjjage1jjj1 plus #ej ( ! excess  

ov] #ejj1jjj4,ov] #a1jjj1jjjdbe1jjj1    
plus #gj ( ! excess ov] #a1jjj1jjj4  4  
7d7 ,e/ates & tru/s ,section #a7;e7 (   
su* ,code is am5d$ by /rik+ ! table     
conta9$ !re9 & ins]t+ ! foll[+ new      
table3 ,if taxable income is3,! tax     
is3,n ov] #c1jjjbe ( taxable income4,ov]
 #c1jjj b n ov] #aa1jjjgej1 plus #cj ( !
 excess ov] #c1jjj4 ,ov] #aa1jjj b n ov]
 #ae1jjjc1aej1 plus #dj ( ! excess ov]  
#aa1jjj4,ov] #ae1jjj b n ov]            
#bj1jjjd1gej1 plus #ej ( ! excess ov]   
#ae1jjj4,ov] #bj1jjjg1bej1 plus #gj ( ! 
excess ov] #bj1jjj4 4  7e7 ,repeal (    
r$uc$ rates ( tax on capital ga9s       
,section #a ( su* ,code is am5d$ by     
/rik+ subsection 7h74  7f7 ,con=m+      
am5dm5ts  7#a7 ,section #a7;f7 ( su*    
,code is am5d$-- 7,a7 9 ! head+1 by     
/rik+ ,phase\t ( m>riage p5alty 9       
#ae-p]c5t bracket1  7,b7 9 p>agraph     
7#a7-- 7i7 by /rik+ #aiic & ins]t+ #bjbf
  7ii7 by /rik+ 7c71 1  7,c7 9 p>agraph 
7#b7-- 7i7 by /rik+ 7c711 &  7ii7 by    
am5d+ subp>agraph 7,a7 to read z foll[s3

  7,a7 by increas+ ! m9imum & maximum   
doll> am\nts = ea* bracket = :i* a tax  
is impos$ "u su* table by ! co/-(-liv+  
adju/m5t = su* cal5d> ye>1 det]m9$ by   
sub/itut+ #bjbf = #bjaf 9 p>agraph      
7#c77;,a77ii71  1  7,d7 9 p>agraph      
7#g77;,b7-- 7i7 9 ! head+1 by /rik+     
m>ri$ individuals fil+ sep>ately &      
ins]t+ c]ta9 individuals1 &  7ii7 by    
/rik+ m>ri$ individual fil+ a sep>ate   
return & ins]t+ any individual subject  
to tax "u subsection 7d71 &  7,e7 by    
/rik+ p>agraph 7#h74  7#b7 ,section #a (
 su* ,code is am5d$ by /rik+ subsections
 7i7 & 7j74  7g7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbe4