[Congressional Record Volume 163, Number 196 (Friday, December 1, 2017)]
[Senate]
[Pages S7756-S7757]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1851. Mr. RUBIO (for himself, Mr. Lee, Mr. Sasse, and Mr. Kennedy) 
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:

       Beginning on page 46, strike line 5 and all that follows 
     through page 48, line 21, and insert the following:
       ``(h) Special Rules for Taxable Years 2018 Through 2025.--
       ``(1) In general.--In the case of a taxable year beginning 
     after December 31, 2017, and before January 1, 2026, this 
     section shall be applied as provided in paragraphs (2) 
     through (7).

[[Page S7757]]

       ``(2) Credit amount.--Subsection (a) shall be applied by 
     substituting `$2,000' for `$1,000'.
       ``(3) Limitation.--In lieu of the amount determined under 
     subsection (b)(2), the threshold amount shall be--
       ``(A) in the case of a joint return, $500,000, and
       ``(B) in the case of an individual who is not married or a 
     married individual filing a separate return, $250,000.
       ``(4) Definition of qualifying child.--Paragraph (1) of 
     subsection (c) shall be applied by substituting `18' for 
     `17'.
       ``(5) Partial credit allowed for certain other 
     dependents.--
       ``(A) In general.--The credit determined under subsection 
     (a) (after the application of paragraph (2)) shall be 
     increased by $500 for each dependent of the taxpayer (as 
     defined in section 152) other than a qualifying child 
     described in subsection (c) (after the application of 
     paragraph (4)).
       ``(B) Exception for certain noncitizens.--Subparagraph (A) 
     shall not apply with respect to any individual who would not 
     be a dependent if subparagraph (A) of section 152(b)(3) were 
     applied without regard to all that follows `resident of the 
     United States'.
       ``(6) Portion of credit refundable.--Subsection 
     (d)(1)(B)(i) shall be applied by substituting--
       ``(A) `15.3 percent' for `15 percent', and
       ``(B) `$0' for `$3,000'.
       ``(7) Social security number required.--No credit shall be 
     allowed under subsection (d) to a taxpayer with respect to 
     any qualifying child unless the taxpayer includes the social 
     security number of such child on the return of tax for the 
     taxable year. For purposes of the preceding sentence, the 
     term `social security number' means a social security number 
     issued to an individual by the Social Security 
     Administration, but only if the social security number is 
     issued to a citizen of the United States or is issued 
     pursuant to subclause (I) (or that portion of subclause (III) 
     that relates to subclause (I)) of section 205(c)(2)(B)(i) of 
     the Social Security Act.''.
       (b) Increase in Corporate Tax Rate.--Subsection (b) of 
     section 11, as amended by section 13001 of this Act, is 
     amended by striking ``20 percent'' and inserting ``20.94 
     percent''.
       (c) Effective Date.--The amendments made by
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