Amendment · S.Amdt. 4595· Senate(119-SAMDT-4595)

S.Amdt. 4595

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 4595, submitted by Mr. Wyden, aims to add a section to bill S. 1383 that increases the top individual tax rate.

The purpose of this amendment is to change the tax rate for high-income taxpayers as follows:

The tax rate for taxable income that exceeds the applicable threshold will be 39.6 percent, instead of the 37-percent rate bracket.
The applicable threshold is defined as $70,000,000 for certain taxpayer categories and 1/2 of that amount for others.

This change would apply to taxable years beginning after December 31, 2025.