[Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)]
[Senate]
[Page S1269]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 995. Ms. BALDWIN (for herself, Mr. Whitehouse, Mr. Booker, and Mr. 
Wyden) 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 bugetary 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 taxing the carried interest 
     compensation of multimillionaire hedge fund managers at 
     ordinary income rates, 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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