This bill provides for restructuring the management of the Internal Revenue Service by establishing an oversight board to oversee the agency's operations. Along with expanding certain taxpayer rights, the conference report also reduces from 18 months to 12 months the time a taxpayer must hold an investment before being eligible for the 20 percent tax rate on capital gains. Had I been recorded on that vote, I would have voted ``aye''.
Discussing a bill to restructure the Internal Revenue Service and taxpayer rights.
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