CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1619· Senate(119-SAMDT-1619)

S.Amdt. 1619

Rep. Reed
Age: 77 years
Rhode Island
Introduced
4/3/2025
Sponsored by
John Reed
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 your legislative analyst, let's break down what Mr. Reed is trying to do here with SA 1619 in plain English.

The purpose of this amendment is to create a deficit-neutral reserve fund that relates to closing the federal budget deficit.

Here is what it aims to change or add to the bill:

  • It allows the Chairman of the Committee on the Budget of the Senate to revise committee allocations, aggregates, and other appropriate levels in the resolution.

  • It allows the Chairman to make adjustments to the pay-as-you-go ledger for specific legislation.

  • The legislation must relate to closing the federal budget deficit by recovering unpaid liabilities from wealthy tax dodgers.

  • This recovery may include closing the portion of the tax gap attributable to the top 5 percent of taxpayers by income.

  • The changes are allowed provided that the legislation would not increase the deficit over the total period of fiscal years 2025 through 2034.