To establish a deficit-neutral reserve fund relating to eliminating deductions for corporate compensation in excess of $1,000,000.

SA 919. Mr. REED (for himself and Mr. Whitehouse) submitted an
amendment intended to be proposed by him to the concurrent resolution
S. Con. Res. 11, setting forth the congressional

[[Page S1949]]

budget for the United States Government for fiscal year 2016 and
setting forth the appropriate budgetary levels for fiscal years 2017
through 2025; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO
ELIMINATING DEDUCTIONS FOR CORPORATE
COMPENSATION IN EXCESS OF $1,000,000.

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,
amendments between the Houses, motions, or conference reports
relating to excessive subsidization in the tax code of
corporate compensation, which may include eliminating
deductions for corporate compensation in excess of
$1,000,000, 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 2016 through 2020 or the period of the total of
fiscal years 2016 through 2025.
______