# 119-hr-7303: Middle Class Tax Cut Act

119-hr-7303, Middle Class Tax Cut Act, is a 119th Congress bill sponsored by Rep. Thanedar, Shri [D-MI-13] (D-MI); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7303
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7303
- Congress: 119
- Title: Middle Class Tax Cut Act
- Status: introduced
- Introduced: 2026-01-30
- Sponsor: Rep. Thanedar, Shri [D-MI-13] (D-MI)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would restructure individual income tax rates** and raise the standard deduction levels for certain filing categories. It would also repeal reduced capital gains rates and reset how brackets are indexed using a 2026 baseline. - Families and households: Raises the standard deduction amounts to $75,000 and $50,000 for specified filing categories, lowering taxable income for many households. - Individual filers and high earners: Rewrites tax brackets for joint returns, heads of household, and a new "other individuals" category into multi-tier schedules. Top marginal rates rise to 70% for the highest earners, for example joint filers over $2 million, and the bill repeals reduced capital gains rates. - Rules and indexing: Changes bracket indexing to use a 2026 baseline and removes legacy marriage-penalty mechanics in the Internal Revenue Code.

## Provisions PRIA read

- Much bigger standard deductions for taxpayers: benefit, high. This bill would raise two statutory standard deduction dollar amounts sharply. One amount would become $75,000 and the other would become $50,000. It would add technical cross-reference and year language tied to 2026. These changes would apply to taxable years beginning after December 31, 2025. If…
- Repeal of lower capital gains rates: cost, medium. The bill would strike the rule that gave reduced tax rates on capital gains. If enacted, net capital gains would no longer be taxed under those special lower rates and instead would be taxed under the remaining applicable rules starting in tax years after December 31, 2025. Investors and taxpayers…
- New tax rate tables for individuals: mixed, high. This bill would replace individual income tax rate tables with new multi-bracket schedules. For married couples the first bracket would be 25% up to $200,000 and the top 70% rate would start over $2,000,000. Heads of household, single filers (the bill calls them "Other Individuals"), and estates an…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-2945: Housing for All Act of 2025

## Sources
- [119-hr-7303 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7303)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-2945: Housing for All Act of 2025](https://policyrisk.com/legislation/119-hr-2945)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7303 (as of 2026-04-21).