[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 2713. 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:

       On page 247, strikes line 3 through 10 and insert the 
     following:
       (a) Enhancement of Child Tax Credit.--
       (1) Credit made fully refundable.--Subsection (d) of 
     section 32 is amended to read as follows:
       ``(d) Credit Fully Refundable.--
       ``(1) In general.--The aggregate credits allowed to a 
     taxpayer under subpart C shall be increased by the amount of 
     the credit which would be allowed under this section without 
     regard to this subsection and the limitation under section 
     26(a).
       ``(2) Exception for taxpayers excluding foreign earned 
     income.--Paragraph (1) shall not apply to any taxpayer for 
     any taxable year if such taxpayer elects to exclude any 
     amount from gross income under section 911 for such taxable 
     year.''.
       (2) Extension and increase of expanded child tax credit.--
     Section 24(h) is amended--
       (A) in paragraph (1), by striking ``, and before January 1, 
     2026'',
       (B) in paragraph (2), by striking ``$2,000'' and inserting 
     ``$3,600 (or, in the case of a qualifying child who has not 
     attained age 6, $4,320)'',
       (C) by striking ``2018 Through 2025'' in the heading and 
     inserting ``Beginning After 2017'', and
       (D) by striking paragraph (5).
       (3) Increase in corporate tax rate.--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.''.
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