To establish a deficit-neutral reserve fund relating to permanently extending the income tax rate reductions for individuals and small businesses provided under Public Law 115-97.
Sen. Mike Crapo (R-ID)Legislative Activity
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Senate amendment proposed (on the floor): Amendment SA 55 proposed by Senator Crapo.
February 5, 2021
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Senate amendment proposed (on the floor): Amendment SA 55 proposed by Senator Crapo.
February 5, 2021
Senate amendment not agreed to: Amendment SA 55 not agreed to in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 45.
February 5, 2021
Roll call votes on amendments in Senate: Amendment SA 55 not agreed to in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 45.
February 5, 2021
Amendment SA 55 proposed by Senator Crapo. (consideration: CR S454-455; text: CR S454) To establish a deficit-neutral reserve fund relating to permanently extending the income tax rate reductions for individuals and small businesses provided under Public Law 115-97.
February 5, 2021
Amendment SA 55 not agreed to in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 45.
February 5, 2021
Senate amendment submitted
February 3, 2021
Votes
1 roll call on this amendment
Text
Submitted
SA 55. Mr. CRAPO (for himself and Mr. Portman) submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 5, setting forth the congressional budget for the United States Government for fiscal year 2021 and setting forth the appropriate budgetary levels for fiscal years 2022 through 2030; 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 PERMANENT EXTENSION OF LOWER TAX RATES FOR INDIVIDUALS AND 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 reducing the tax liability of individuals and small businesses, which may include permanently extending the reductions to Federal income tax rates for individuals and small businesses provided under Public Law 115-97, 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 2021 through 2025 or the period of the total of fiscal years 2021 through 2030. [[Page S333]] ______