S.Amdt. 1977Senate119th Congress (2025-2027)2nd degree

To establish a deficit-neutral reserve fund relating to legislation that does not increase tax breaks for the wealthy.

Submitted April 4, 2025

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Senate amendment not agreed to: Amendment SA 1977 not agreed to in Senate by Voice Vote.

April 4, 2025

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Senate amendment not agreed to: Amendment SA 1977 not agreed to in Senate by Voice Vote.

April 4, 2025

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Senate amendment submitted

April 4, 2025

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Senate amendment proposed (on the floor): Amendment SA 1977 proposed by Senator Murphy to Amendment SA 1717.

April 4, 2025

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Amendment SA 1977 proposed by Senator Murphy to Amendment SA 1717. (consideration: CR S2347-2348) To establish a deficit-neutral reserve fund relating to legislation that does not increase tax breaks for the wealthy.

April 4, 2025

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Amendment SA 1977 not agreed to in Senate by Voice Vote.

April 4, 2025

Text

Submitted

SA 1977. Mr. MURPHY (for himself and Mr. Blumenthal) proposed an
amendment to amendment SA 1717 proposed by Mr. Graham to the concurrent
resolution H. Con. Res. 14, establishing the congressional budget for
the United States Government for fiscal year 2025 and setting forth the
appropriate budgetary levels for fiscal years 2026 through 2034; as
follows:

=========================== NOTE ===========================

On page S2411, April 4, 2025, the following appears: SA 1977.
Mr. MURPHY submitted an amendment intended to be proposed by him
to the concurrent resolution H. Con. Res. 14, establishing the
congressional budget for the United States Government for fiscal
year 2025 and setting forth the appropriate budgetary levels for
fiscal years 2026 through 2034; which was ordered to lie on the
table; as follows:

The online Record has been corrected to read as follows: SA
1977. Mr. MURPHY (for himself and Mr. Blumenthal) proposed an
amendment to amendment SA 1717 proposed by Mr. Graham to the
concurrent resolution H. Con. Res. 14, establishing the
congressional budget for the United States Government for fiscal
year 2025 and setting forth the appropriate budgetary levels for
fiscal years 2026 through 2034; as follows:

========================= END NOTE =========================

At the appropriate place, insert the following:

SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO
LEGISLATION THAT DOES NOT INCREASE TAX BREAKS
FOR THE WEALTHY.

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
legislation that does not reduce the average tax liability of
taxpayers with income over $500,000,000, 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 2025 through 2034.
______