[Congressional Record Volume 163, Number 169 (Thursday, October 19, 2017)]
[Senate]
[Page S6670]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1461. Mr. HOEVEN submitted an amendment intended to be proposed to 
amendment SA 1116 proposed by Mr. Enzi to the concurrent resolution H. 
Con. Res. 71, establishing the congressional budget for the United 
States Government for fiscal year 2018 and setting forth the 
appropriate budgetary levels for fiscal years 2019 through 2027; which 
was ordered to lie on the table; as follows:

       At the end of title III, add the following:

     SEC. 3 ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO TAX 
                   RELIEF FOR NON-CORPORATE SMALL BUSINESS OWNERS.

       The Chairman of the Committee on the Budget of the Senate 
     may revise the allocations of a committee or committees, 
     aggregates, and other appropriate levels in this resolution, 
     and make adjustments to the pay-as-you-go ledger, for one or 
     more bills, joint resolutions amendments, amendments between 
     the Houses, motions, or conference reports relating to 
     changes in Federal tax laws, which may include reducing the 
     roughly 45% top marginal rate applicable to small business 
     owners, in a manner that will prevent re-characterization of 
     personal income as business income, and further reform the 
     pass-through area, including loophole closers by the amounts 
     provided in such legislation for those purposes, provided 
     that such legislation would not increase the deficit over 
     either the period of the total of fiscal years 2018 through 
     2027.
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