S.Amdt. 712

SA 712. Mr. REED submitted an amendment intended to be proposed by
him to the concurrent resolution S. Con. Res. 7, setting forth 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:

At the end of title III, add the following:

SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO
ELIMINATING CORPORATE DEDUCTIONS FOR
COMPENSATION IN EXCESS OF $1,000,000.

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 code's subsidization of corporate
compensation, which may include eliminating corporate
deductions for compensation in excess of $1,000,000, 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 2025
through 2029 or the period of the total of fiscal years 2025
through 2034.
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