[Congressional Record Volume 171, Number 113 (Monday, June 30, 2025)]
[Senate]
[Page S4110]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2714. Ms. ROSEN submitted an amendment intended to be proposed to 
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill 
H.R. 1, to provide for reconciliation pursuant to title II of H. Con. 
Res. 14; which was ordered to lie on the table; as follows:

       Strike section 71121 and insert the following:

     SEC. 71121. RESTORATION OF PROGRESSIVE CORPORATE TAX RATE.

       (a) In General.--Section 11(b) is amended to read as 
     follows:
       ``(b) Amount of Tax.--The amount of the tax imposed by 
     subsection (a) shall be the sum of--
       ``(1) 21 percent of so much of the taxable income as does 
     not exceed $100,000,000, and
       ``(2) 28 percent of so much of the taxable income as 
     exceeds $100,000,000.''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to taxable years beginning after December 31, 
     2025.
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