To amend the Internal Revenue Code of 1986 to reduce the capital gains tax on individuals and to index the basis of assets of individuals for purposes of determining gains and losses.

Amends the Internal Revenue Code to remove the limit on the number of taxpayers having medical savings accounts (MSAs). Ends MSA requirements regarding high deductible health plans and: (1) the employment of a person with an MSA; and (2) whether the plan is established and maintained by that person's (or that person's spouse's) employer.