Amendment · S.Amdt. 2377· Senate(119-SAMDT-2377)

S.Amdt. 2377

Age: 68 years

Virginia

Introduced: 6/29/2025
Sponsored by: Timothy Kaine
Cosponsors: None

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

Mr. Kaine put forward this amendment to make specific changes to the bill. If we want to hold our officials accountable, we need to look at what they are trying to alter in the tax rules.

Strike subtitle A of title I.
Strike chapter 1 of subtitle B of title VII.
Change section 70106 to tax income over $1,000,000 for individuals, or $500,000 for married folks filing separately, at a rate of 39.6 percent.
Change the corporate tax rate from 21 percent to 25 percent.
Make these tax changes apply to taxable years starting after December 31, 2025.