Amendment · S.Amdt. 4594· Senate(119-SAMDT-4594)

S.Amdt. 4594

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 4594, submitted by Mr. Wyden, aims to change the Internal Revenue Code of 1986 to increase the top individual tax rate.

The amendment proposes the following changes:

The tax rate for the 37-percent bracket will increase to 39.6 percent for taxable income that exceeds a specific threshold.
The applicable threshold is set at $80,000,000 for certain taxpayers, and half of that amount for others.
These changes would apply to taxable years beginning after December 31, 2025.