[Congressional Record Volume 149, Number 42 (Monday, March 17, 2003)]
[Senate]
[Pages S3808-S3810]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 262. Mr. HOLLINGS submitted an amendment intended to be proposed 
by him to the concurrent resolution S. Con. Res. 23, setting forth the 
congressional budget for the United States Government for fiscal year 
2004 and including the appropriate budgetary levels for fiscal year 
2003 and for fiscal years 2005 through 2013; which was ordered to lie 
on the table; as follows:

       At the appropriate place, insert the following:

     SEC.   . SENSE OF THE SENATE REGARDING A VALUE-ADDED TAX TO 
                   PAY THE COSTS OF WAR ON IRAQ.

       It is the sense of the Senate that the recommended levels 
     and amounts in section 101 assume a 2 percent value added tax 
     to pay

[[Page S3810]]

     the costs of the war against Iraq and against terrorism.
                                 ______
                                 
  SA 263. Mr. HOLLINGS submitted an amendment intended to be proposed 
by him to the concurrent resolution S. Con. Res. 23, setting forth the 
congressional budget for the United States Government for fiscal year 
2004 and including the appropriate budgetary levels for fiscal year 
2003 and for fiscal years 2005 through 2013; which was ordered to lie 
on the table; as follows:

       At the end of title III, insert the following:

     SEC.           . SENSE OF THE SENATE ON SUSPENDING INCOME TAX 
                   CUTS FUNDED BY SOCIAL SECURITY SURPLUSES.

       It is the sense of the Senate that the budgetary totals in 
     this resolution assume that the Internal Revenue Code of 1986 
     should be amended to suspend future reductions of income tax 
     rates enacted in 2001 if the Social Security surpluses are 
     used to fund such tax rate cuts.

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