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DemocratAmendment · S.Amdt. 2466· Senate(119-SAMDT-2466)

S.Amdt. 2466

Rep. Schiff
Age: 66 years
California
Introduced
6/29/2025
Sponsored by
Adam Schiff
Cosponsors
Democrat - 3Republican - 0
Changes bill
119-HR-1 — One Big Beautiful Bill Act
  1. Introduced
  2. Pending Consideration
  3. Failed

What this amendment would do

  • The amendment was submitted by Mr. Schiff, along with Mr. Hickenlooper, Mr. Bennet, and Mr. Welch.

  • It creates a new 39.6 percent individual income tax rate bracket for any taxable income over $10,000,000.

  • It applies to taxable years beginning after December 31, 2025.