Second Degree Amendment · S.Amdt. 1647· Senate(119-SAMDT-1647)
To establish a deficit-neutral reserve fund relating to legislation that does not increase tax breaks for wealthy corporations.
Age: 77 years
Massachusetts
- Introduced
- 4/3/2025
- Last activity
- 4/4/2025 — Amendment SA 1647 not agreed to in Senate by Voice Vote.
- Sponsored by
- Elizabeth Warren
- Cosponsors
- None
- Changes amendment
- 119-SAMDT-1717
- On the 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.
- Introduced
- Failed
What this amendment would do
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Creates a reserve fund: This amendment sets up what we call a deficit-neutral reserve fund for the Senate Budget Committee Chairman to use.
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Focuses on corporate taxes: It allows for budget adjustments for legislation that does not reduce the average tax liability of corporations with income over $1,000,000,000.
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Protects the budget: Any legislation handled through this fund must not increase the deficit over the total period of fiscal years 2025 through 2034.
- 4/4/2025
- Senate amendment not agreed to: Amendment SA 1647 not agreed to in Senate by Voice Vote.
- Senate amendment proposed (on the floor): Amendment SA 1647 proposed by Senator Warren to Amendment SA 1717.
- Amendment SA 1647 proposed by Senator Warren to Amendment SA 1717. (consideration: CR S2348) To establish a deficit-neutral reserve fund relating to legislation that does not increase tax breaks for wealthy corporations.
- Amendment SA 1647 not agreed to in Senate by Voice Vote.
- 4/3/2025
- Senate amendment submitted
This bill has no cosponsors