S.Amdt. 832

SA 832. Mr. MENENDEZ 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
INCREASING THE PROGRESSIVITY OF THE TAX CODE.

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 law to increase the progressivity of
the tax code, which may include raising taxes on the
wealthiest 0.1 percent of taxpayers while reducing taxes on
low- and middle-income taxpayers, 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.
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