[Congressional Record Volume 163, Number 194 (Wednesday, November 29, 2017)]
[Senate]
[Pages S7476-S7477]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1644. Mr. BROWN submitted an amendment intended to be proposed by 
him to the bill H.R. 1, to provide for reconciliation pursuant to 
titles II and V of the concurrent resolution on the budget for fiscal 
year 2018; which was ordered to lie on the table; as follows:


[[Page S7477]]


  

       At the appropriate place, insert the following:

     SEC. ___. STRENGTHENING THE EARNED INCOME TAX CREDIT.

       (a) In General.--
       (1) Increased credit for individuals with no qualifying 
     children.--
       (A) In general.--The table in subparagraph (A) of section 
     32(b)(2) is amended--
       (i) by striking ``$4,220'' in the second column and 
     inserting ``$9,230''; and
       (ii) by striking ``$5,280'' in the last column and 
     inserting ``$10,900''.
       (B) Inflation adjustments.--Subparagraph (B) of section 
     32(j)(1) is amended--
       (i) in clause (i)--

       (I) by inserting ``(except as provided in clause (iii))'' 
     after ``(b)(2)(A)''; and
       (II) by striking ``and'' at the end;

       (ii) in clause (ii), by striking the period at the end and 
     inserting ``, and''; and
       (iii) by adding at the end the following new clause:
       ``(iii) in the case of the $9,230 and $10,900 amounts in 
     the table in subsection (b)(2)(A), by substituting `calendar 
     year 2017' for `calendar year 2016' in subparagraph (A)(ii) 
     of such section 1.''.
       (2) Credit increase and reduction in phaseout for 
     individuals with no children.--The table contained in section 
     32(b)(1) is amended--
       (A) by striking ``7.65'' in the second column of the fourth 
     row and inserting ``15.3''; and
       (B) by striking ``7.65'' in the third column of the fourth 
     row and inserting ``15.3''.
       (3) Credit allowed for certain childless individuals over 
     age 21.--Subclause (II) of section 32(c)(1)(A)(ii) is amended 
     by striking ``age 25'' and inserting ``age 21''.
       (4) Effective dates.--The amendments made by this 
     subsection shall apply to taxable years beginning after 
     December 31, 2017.
       (b) Adjustment to Corporate Tax Rate.--
       (1) In general.--Section 11(b), as amended by section 13001 
     of this Act, is amended by striking ``20 percent'' and 
     inserting ``22 percent''.
       (2) Effective date.--The amendments made by this subsection 
     shall apply to taxable years beginning after December 31, 
     2018.
                                 ______