A bill to amend the Internal Revenue Code of 1986 to stimulate investment through a reduction in the capital gains tax.

Title I: Noncorporate Taxpayers - Amends the Internal Revenue Code to reduce the capital gains tax for noncorporate taxpayers. Establishes a scale for determining such deduction up to a maximum of 50 percent after owning assets for ten years. Establishes a separate scale for assets held before October 14, 1989, up to a maximum deduction of 25 percent after owning assets for ten years.

Provides for recapturing the gain from disposition of certain depreciable property.

Title II: Corporations - Reduces the alternative capital gains tax for corporations by establishing a scale for determining such tax rate based on owning assets for two to ten years.