S.Amdt. 2750

SA 2750. Mr. MURPHY (for himself, Ms. Smith, Ms. Warren, and Mr.
Schiff) 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:

Strike section 71117 and insert the following:

SEC. 71117. ADJUSTMENT TO CORPORATE TAX RATE.

(a) Repeal.--Section 71119 of this Act is repealed, and the
Social Security Act shall be applied as if the amendments
made by such section had not been enacted.
(b) Adjustment.--
(1) In general.--Section 11(b) is amended by striking ``21
percent'' and inserting ``22.7 percent''.
(2) Effective date.--The amendment made by this subsection
shall apply to taxable years beginning after December 31,
2025.
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