To amend the Internal Revenue Code of 1986 to provide for a maximum capital gains rate of 15 percent for long-term capital gains to the extent such gains do not exceed $100,000.

Amends the Internal Revenue Code to reduce the maximum capital gains rate, with respect to up to $100,000 of gain, from: (1) 28 percent to 15 percent for noncorporate taxpayers; and (2) 34 percent to 15 percent for corporate taxpayers.