S.Amdt. 1222

SA 1222. Mr. BENNET 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
INCREASING THE HIGHEST TAX RATE TO OFFSET ANY
INCREASE IN THE DEFICIT RESULTING FROM OTHER
TAX LEGISLATION.

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 an
automatic increase in the highest tax rate under the Internal
Revenue Code of 1986 in order to offset any changes to such
Code which increase the deficit within 10 years of taking
effect, 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 2018 through 2022 or the period of the total of fiscal
years 2018 through 2027.
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