[Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)]
[Senate]
[Page S1160]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 206. Ms. BALDWIN (for herself and Mr. Whitehouse) submitted an 
amendment intended to be proposed by her to the concurrent resolution 
S. Con. Res. 7, setting forth the congressional budget for the United 
States Government for fiscal year 2025 and setting forth the 
appropriate budgetary levels for fiscal years 2026 through 2034; 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 CLOSING 
                   THE CARRIED INTEREST LOOPHOLE.

       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 tax 
     fairness, which may include that carried interest 
     compensation be taxed at ordinary income rates and treated as 
     wage income subject to employment taxes, by the amounts 
     provided in such legislation for those purposes, provided 
     that such legislation would not increase the deficit over the 
     period of the total of fiscal years 2025 through 2034.
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