S.Amdt. 1669

SA 1669. Mr. PERDUE submitted an amendment intended to be proposed to
amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for himself
and Ms. Murkowski)) to the bill H.R. 1, to provide for reconciliation
pursuant to titles II and V of the concurrent resolution on the budget
for fiscal year 2018; which was ordered to lie on the table; as
follows:

At the end of part I of subtitle A of title I, insert the
following:

SEC. 11003. ELECTION TO TREAT CAPITAL GAINS AS ORDINARY
INCOME.

(a) In General.--Section 1(h)(1) is amended by striking
``If'' and inserting ``At the election of the taxpayer, if''.
(b) Form 1040.--Not later than 1 year after the date of the
enactment of this Act, the Secretary of the Treasury shall
modify Form 1040 to allow taxpayers to elect to treat their
capital gains as ordinary income.
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