[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7590]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1695. Mr. CARPER 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:

       At the end of part I of subtitle A of title I, insert the 
     following:

     SEC. 11003. ADJUSTMENT OF HIGHEST RATE BRACKETS.

       (a) Joint Returns.--The last 2 rows of the table contained 
     in section 1(j)(2)(A), as added by section 11001(a), are 
     amended to read as follows:

``Over $400,000 but not over $480,050.....  $91,479, plus 35% of the
                                             excess over $400,000.
Over $480,050.............................  $119,496.50, plus 39.6% of
                                             the excess over
                                             $480,050.''.

       (b) Heads of Households.--The last 2 rows of the table 
     contained in section 1(j)(2)(B), as added by section 
     11001(a), are amended to read as follows:

``Over $200,000 but not over $453,350.....  $44,348, plus 35% of the
                                             excess over $200,000.
Over $453,350.............................  $133,020.50, plus 39.6% of
                                             the excess over
                                             $453,350.''.

       (c) Unmarried Individuals.--The last 2 rows of the table 
     contained in section 1(j)(2)(C), as added by section 
     11001(a), are amended to read as follows:


``Over $200,000 but not over $426,700.....  $45,739.50, plus 35% of the
                                             excess over $200,000.
Over $426,700.............................  $125,084.50, plus 39.6% of
                                             the excess over
                                             $426,700.''.

       (d) Married Individuals Filing Separate Returns.--The last 
     2 rows of the table contained in section 1(j)(2)(D), as added 
     by section 11001(a), are amended to read as follows:

``Over $200,000 but not over $240,026.....  $45,739.50, plus 35% of the
                                             excess over $200,000.
Over $240,026.............................  $59,748.60, plus 39.6% of
                                             the excess over
                                             $240,026.''.

       (e) Estates and Trusts.--The last 2 rows of the table 
     contained in section 1(j)(2)(E), as added by section 
     11001(a), are amended to read as follows:

``Over $9,150 but not over $12,700........  $1,839, plus 35% of the
                                             excess over $9,150.
Over $12,700..............................  $3,081.50, plus 39.6% of the
                                             excess over $12,700.''.

       (f) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2017.
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