S.Amdt. 2431

SA 2431. Ms. ROSEN submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

CHAPTER 7--ADDITIONAL TAX PROVISIONS

SEC. ___. RESTORATION OF PROGRESSIVE CORPORATE TAX RATE.

(a) In General.--Section 11(b) is amended to read as
follows:
``(b) Amount of Tax.--The amount of the tax imposed by
subsection (a) shall be the sum of--
``(1) 20 percent of so much of the taxable income as does
not exceed $1,000,000,
``(2) 21 percent of so much of the taxable income as
exceeds $1,000,000 but does not exceed $100,000,000, and
``(3) 28 percent of so much of the taxable income as
exceeds $100,000,000.''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2025.
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