CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 2750· Senate(119-SAMDT-2750)

S.Amdt. 2750

Rep. Murphy
Age: 53 years
Connecticut
Introduced
6/30/2025
Sponsored by
Christopher Murphy
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. Murphy, along with Ms. Smith, Ms. Warren, and Mr. Schiff.

  • It aims to strike section 71117 and replace it with a new section that makes changes regarding corporate taxes and the Social Security Act.

What It Aims to Change or Add

  • Repeals section 71119 of the Act and applies the Social Security Act as if those previous amendments had never been made.

  • Adjusts the corporate tax rate found in section 11(b) by changing 21 percent'' to 22.7 percent''.

  • Sets the effective date for this tax rate adjustment to apply to taxable years that begin after December 31, 2025.