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United States · Bill · HR

H.R. 6535 (112th)

Save America's National Economy Act

referredUnited States· United States Congress· EN

Introduced

21 September 2012

Last action

21 September 2012 · Introduced

Status

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.

Sponsors

Rep. Nadler, Jerrold [D-NY-12], Rep. Schakowsky, Janice D. [D-IL-9]

Subjects

Taxation, Budget

Source updated

14 August 2025

Taxation · Budget

Official sourceDownload fileView documentsShare

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 September 2012

    Introduced

    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.

    Source: IntroReferral

  2. 21 September 2012

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 September 2012

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 21 September 2012

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  • Introduced in House (PDF)

    Introduced in House · EN · 21 September 2012

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 21 September 2012

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Sponsors

Related records

Sources

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