[Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)]
[Senate]
[Page S1230]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 712. Mr. REED submitted an amendment intended to be proposed by 
him 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 
                   ELIMINATING CORPORATE DEDUCTIONS FOR 
                   COMPENSATION IN EXCESS OF $1,000,000.

       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 
     reducing the tax code's subsidization of corporate 
     compensation, which may include eliminating corporate 
     deductions for compensation in excess of $1,000,000, by the 
     amounts provided in such legislation for those purposes, 
     provided that such legislation would not increase the deficit 
     over either the period of the total of fiscal years 2025 
     through 2029 or the period of the total of fiscal years 2025 
     through 2034.
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