S.Amdt. 1282

SA 1282. Mr. JOHNSON 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 BRINGING
ABOUT FAIRNESS TO THE TAXATION OF BUSINESS
EARNINGS.

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 provisions to
align the American tax system with our trading partners by
bringing fairness to the taxation of American business
income, which may include ensuring the owners of capital bear
the full burden of the taxation of business income, 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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