S.Amdt. 1695

SA 1695. Mr. CARPER submitted an amendment intended to be proposed by
him to the bill H.R. 1, to provide for reconciliation pursuant to
titles II and V of the concurrent resolution on the budget for fiscal
year 2018; which was ordered to lie on the table; as follows:

At the end of part I of subtitle A of title I, insert the
following:

SEC. 11003. ADJUSTMENT OF HIGHEST RATE BRACKETS.

(a) Joint Returns.--The last 2 rows of the table contained
in section 1(j)(2)(A), as added by section 11001(a), are
amended to read as follows:

``Over $400,000 but not over $480,050.....  $91,479, plus 35% of the
excess over $400,000.
Over $480,050.............................  $119,496.50, plus 39.6% of
the excess over
$480,050.''.

(b) Heads of Households.--The last 2 rows of the table
contained in section 1(j)(2)(B), as added by section
11001(a), are amended to read as follows:

``Over $200,000 but not over $453,350.....  $44,348, plus 35% of the
excess over $200,000.
Over $453,350.............................  $133,020.50, plus 39.6% of
the excess over
$453,350.''.

(c) Unmarried Individuals.--The last 2 rows of the table
contained in section 1(j)(2)(C), as added by section
11001(a), are amended to read as follows:

``Over $200,000 but not over $426,700.....  $45,739.50, plus 35% of the
excess over $200,000.
Over $426,700.............................  $125,084.50, plus 39.6% of
the excess over
$426,700.''.

(d) Married Individuals Filing Separate Returns.--The last
2 rows of the table contained in section 1(j)(2)(D), as added
by section 11001(a), are amended to read as follows:

``Over $200,000 but not over $240,026.....  $45,739.50, plus 35% of the
excess over $200,000.
Over $240,026.............................  $59,748.60, plus 39.6% of
the excess over
$240,026.''.

(e) Estates and Trusts.--The last 2 rows of the table
contained in section 1(j)(2)(E), as added by section
11001(a), are amended to read as follows:

``Over $9,150 but not over $12,700........  $1,839, plus 35% of the
excess over $9,150.
Over $12,700..............................  $3,081.50, plus 39.6% of the
excess over $12,700.''.

(f) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2017.
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