[Congressional Record Volume 167, Number 42 (Friday, March 5, 2021)]
[Senate]
[Pages S1358-S1359]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1295. Mr. RUBIO submitted an amendment intended to be proposed to 
amendment SA 891 proposed by Mr. Schumer (for himself, Mr. Wyden, Mrs. 
Murray, Mr. Brown, Mr. Peters, Mr. Cardin, Ms. Cantwell, Ms. Stabenow, 
Mr. Tester, Mr. Menendez, Mr. Schatz, Mr. Carper, Mr. Leahy, and Mr. 
Sanders) to the bill H.R. 1319, to provide for reconciliation pursuant 
to title II of S. Con. Res. 5; which was ordered to lie on the table; 
as follows:

        On page 605, after line 25, insert the following:

[[Page S1359]]

  


     SEC. 9902. MODIFICATION OF INCOME LIMITATIONS FOR 2021 
                   RECOVERY REBATES.

       (a) In General.--Subsection (d) of section 6428B of the 
     Internal Revenue Code of 1986, as added by section 9601(a), 
     is amended to read as follows:
       ``(d) Limitation Based on Adjusted Gross Income.--
       ``(1) In general.--The amount of the credit allowed by 
     subsection (a) (determined without regard to this subsection 
     and subsection (f)) shall be reduced (but not below zero) by 
     the amount which bears the same ratio to such credit (as so 
     determined) as--
       ``(A) the excess of--
       ``(i) the taxpayer's adjusted gross income for such taxable 
     year, over
       ``(ii) $75,000, bears to
       ``(B) $25,000.
       ``(2) Special rules.--
       ``(A) Joint return or surviving spouse.--In the case of a 
     joint return or a surviving spouse (as defined in section 
     2(a)), paragraph (1) shall be applied by substituting 
     `$150,000' for `$75,000' and `$50,000' for `$25,000'.
       ``(B) Head of household.--In the case of a head of 
     household (as defined in section 2(b)), paragraph (1) shall 
     be applied by substituting `$112,500' for `$75,000' and 
     `$37,500' for `$25,000'.''.
       (b) Offset.--Section 602 of the Social Security Act, as 
     added by section 9901, is amended--
       (1) in subsection (a)(1), by striking ``$219,800,000,000'' 
     and inserting ``$208,132,000,000''; and
       (2) in subsection (b)(3)(A), by striking 
     ``$195,300,000,000'' and inserting ``183,632,000,000''.
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