Amendment · S.Amdt. 4584· Senate(119-SAMDT-4584)

S.Amdt. 4584

Age: 77 years

Oregon

Changes bill: 119-S-1383 — Veterans Accessibility Advisory Committee Act of 2025

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

What this amendment would do

SA 4584, submitted by Mr. Wyden, aims to change the Internal Revenue Code of 1986 by increasing the top individual tax rate.

The amendment proposes that for taxable years starting after December 31, 2025, the tax rate for the 37-percent bracket will increase to 39.6 percent for income exceeding a specific threshold.
The applicable threshold is defined as:
- $900,000,000 for certain taxpayer categories.
- One half of that amount for other specified taxpayers.