CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1612· Senate(119-SAMDT-1612)

S.Amdt. 1612

Rep. Whitehouse
Age: 71 years
Rhode Island
Introduced
4/3/2025
Sponsored by
Sheldon Whitehouse
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

As an analyst keeping an eye out for everyday folks, let's break down what Senator Whitehouse is trying to do here with amendment SA 1612. This proposal creates a deficit-neutral reserve fund connected to making giant corporations pay their fair share.

Purpose and Changes

  • The main goal is to allow the Chairman of the Senate Committee on the Budget to adjust certain financial levels and the pay-as-you-go ledger for legislation that makes corporations pay their fair share in taxes.

  • This includes rolling back tax breaks for giant companies that have merged.

  • The big catch to hold officials accountable is that any legislation passed using this fund would not increase the deficit over the total period of fiscal years 2025 through 2034.