[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 2717. Ms. ROSEN (for herself, Mr. Hickenlooper, Mr. Bennet, Mr. 
Kelly, Ms. Cortez Masto, Mr. Welch, and Mr. Booker) proposed an 
amendment 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; as follows:

       At the end of subtitle A of title VII, insert the 
     following:

                  CHAPTER 7--ADDITIONAL TAX PROVISIONS

     SEC. 70701. MAINTAINING PARITY FOR WIND AND SOLAR FACILITIES.

       (a) Clean Electricity Production Credit.--Section 45Y, as 
     amended by subsections (a) and (d) of section 70512 of this 
     Act, is amended--
       (1) in subsection (d), by striking paragraph (4), and
       (2) by striking subsection (h).
       (b) Clean Electricity Investment Credit.--Section 48E(e), 
     as amended by subsections (a) and (c)(1) of section 70513 of 
     this Act, is amended--
       (1) in subsection (e), by striking paragraph (4), and
       (2) by striking subsection (i).

     SEC. 70702. ESTABLISHMENT OF 39.6 PERCENT INDIVIDUAL INCOME 
                   TAX RATE BRACKET.

       (a) In General.--Section 1(j)(2) is amended by 
     redesignating subparagraph (F) as subparagraph (G) and by 
     inserting after subparagraph (E) the following new 
     subparagraph:
       ``(F) 39.6 percent rate bracket.--Notwithstanding 
     subparagraphs (A) through (E), in prescribing the tables 
     under this subsection for purposes of paragraph (3)(B)--
       ``(i) the excess of taxable income over $1,000,000 
     ($1,500,000 in the case of married individuals filing 
     jointly), if any, shall be taxed at a rate of 39.6 percent, 
     and
       ``(ii) paragraph (3)(B)(i) shall be applied with respect to 
     such dollar amounts described in clause (i) by substituting 
     `2024' for `2017'.''.
       (b) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2025.
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