To provide tax relief to small businesses and to include provisions to prevent upper-income taxpayers from sheltering income from taxation at the appropriate rate.

SA 1151. Ms. COLLINS submitted an amendment intended to be proposed
to amendment SA 1116 proposed by Mr. Enzi to the concurrent resolution
H. Con. Res. 71, establishing the congressional budget for the United
States Government for fiscal year 2018 and setting forth the
appropriate budgetary levels for fiscal years 2019 through 2027; which
was ordered to lie on the table; as follows:

At the end of title III, add the following:

SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO THE
PROVISION OF TAX RELIEF FOR SMALL BUSINESSES.

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,
and make adjustments to the pay-as-you-go ledger, for one or
more bills, joint resolutions, amendments, amendments between
the Houses, motions, or conference reports relating to
changes in Federal tax laws, which may include the provision
of tax relief for small businesses, along with provisions to
prevent upper-income taxpayers from sheltering income from
taxation at the appropriate rate, by the amounts provided in
such legislation for those purposes, provided that such
legislation would not increase the deficit over the period of
the total of fiscal years 2018 through 2027.
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