To eliminate abuses of offshore tax abuses by large corporations.

1. Adds SEC. ___. DEFICIT-REDUCTION RESERVE FUND TO END OFFSHORE TAX ABUSES BY LARGE CORPORATIONS at the end of title III

   Adds a section

   In S.Con.Res. 8 · Placed on Calendar Senate

   The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would reduce inefficient overlap, improve access, and enhance outcomes with Federal workforce development, job training, and reemployment programs, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2013 through 2018 or the period of the total of fiscal years 2013 through 2023.

   Inserted: SEC. ___. DEFICIT-REDUCTION RESERVE FUND TO END OFFSHORE TAX ABUSES BY LARGE CORPORATIONS.

   Inserted: The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels and limits in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports related to corporate income taxes, which may include measures to end offshore tax abuses used by large corporations, provided that such legislation would reduce the deficit over the period of the total of fiscal years 2013 through 2018 and the period of the total of fiscal years 2013 through 2023.

   Original wording

   At the end of title III, add the following:

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As printed