Text of Senate Amendment 198

Text of Senate Amendment 198

Congressional Record, Volume 171 Issue 34 (Thursday, February 20, 2025) [Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)] [Senate] [Page S1159] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 198. Mr. KING (for himself, Mr. Schatz, and Mr. Merkley) proposed an amendment 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; as follows: Beginning on page 52, strike line 20 and all that follows through page 53, line 6, and insert the following: SEC. 3002. DEFICIT-NEUTRAL RESERVE FUND FOR LEGISLATION THAT DOES NOT INCREASE TAX BREAKS FOR THE WEALTHY. (a) Senate.--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 by the amounts provided in such legislation, provided that such legislation does not reduce the average tax liability of taxpayers with income over $500,000,000 and provided that such legislation would not increase the deficit over the period of the total of fiscal years 2025 through 2034. ______