S. 4122
Introduced in Senate · March 24, 2026March 17, 2026
Mr. Markey (for himself, Mr. Sanders, Mr. Merkley, and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to equalize treatment of capital gains and earned income.
Gains from certain property transferred by gift or upon death
Exclusion of gain from transfers of appreciated assets at death
Extension of time for payment of capital gains on certain assets realized by reason of death
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Equal Tax Act”.
SEC. 2. Preferential rates for dividends and capital gains limited to incomes of or less.