CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1610· Senate(119-SAMDT-1610)

S.Amdt. 1610

Rep. Baldwin
Age: 64 years
Wisconsin
Introduced
4/3/2025
Sponsored by
Tammy Baldwin
Cosponsors
Democrat - 3Republican - 0
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

This amendment, numbered SA 1610, was submitted by Ms. Baldwin along with Mr. Whitehouse and Mr. Booker. Its purpose is to add a deficit-neutral reserve fund to the concurrent resolution relating to closing the carried interest loophole.

What it Aims to Change or Add

The amendment aims to allow the Chairman of the Committee on the Budget of the Senate to revise allocations, aggregates, and other levels, and make adjustments to the pay-as-you-go ledger. This can be done for legislation relating to tax fairness.

Specifically, this can include taxing the carried interest compensation of multimillionaire hedge fund managers at ordinary income rates. Any legislation passed for this purpose must not increase the deficit over the total period of fiscal years 2025 through 2034.