Text of Senate Amendment 995

Text of Senate Amendment 995

Congressional Record, Volume 171 Issue 34 (Thursday, February 20, 2025) [Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)] [Senate] [Page S1269] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 995. Ms. BALDWIN (for herself, Mr. Whitehouse, Mr. Booker, and Mr. Wyden) submitted an amendment intended to be proposed by her 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 bugetary 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 CLOSING THE CARRIED INTEREST LOOPHOLE. 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 tax fairness, which may include taxing the carried interest compensation of multimillionaire hedge fund managers at ordinary income rates, 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. ______