CONGRESS FOR VOTERS

IndependentAmendment · S.Amdt. 1520· Senate(119-SAMDT-1520)

S.Amdt. 1520

Rep. King
Age: 82 years
Maine
Introduced
4/3/2025
Sponsored by
Angus King
Cosponsors
None
Changes bill
119-HCONRES-14 — Establishing 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.
  1. Introduced
  2. Pending Consideration

What this amendment would do

  • Mr. King submitted amendment numbered SA 1520 to the concurrent resolution establishing the congressional budget for the United States Government for fiscal year 2025 and setting levels for fiscal years 2026 through 2034.

  • The amendment creates a deficit-neutral reserve fund relating to legislation that does not increase tax breaks for wealthy corporations.

  • It allows the Chairman of the Committee on the Budget of the Senate to revise committee allocations, aggregates, and other appropriate levels, and make adjustments to the pay-as-you-go ledger.

  • These adjustments are allowed for legislation relating to legislation that does not reduce the average tax liability of corporations with income over $1,000,000,000.

  • The changes can only happen if the legislation does not increase the deficit over the total period of fiscal years 2025 through 2034.