[Congressional Record Volume 172, Number 49 (Wednesday, March 18, 2026)]
[Senate]
[Page S1271]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4584. Mr. WYDEN submitted an amendment intended to be proposed by 
him to the bill S. 1383, to establish the Veterans Advisory Committee 
on Equal Access, and for other purposes; which was ordered to lie on 
the table; as follows:

       At the appropriate place, insert the following:

     SEC. __. INCREASE IN TOP INDIVIDUAL TAX RATE.

       (a) In General.--Section 1(j) of the Internal Revenue Code 
     of 1986 is amended by inserting after paragraph (3) the 
     following new paragraph:
       ``(4) Modifications to income tax brackets for high-income 
     taxpayers.--
       ``(A) 37-percent rate bracket.--In the case of taxable 
     years beginning after December 31, 2025, the rate of tax 
     under subparagraphs (A), (B), (C), and (D) of paragraph (2) 
     on a taxpayer's taxable income in excess of the applicable 
     threshold shall be 39.6 percent.
       ``(B) Applicable threshold.--For purposes of this 
     paragraph, the term `applicable threshold' means--
       ``(i) $900,000,000 in the case of paragraph (2)(A), (2)(B), 
     and (2)(C), and
       ``(ii) \1/2\ the amount applicable under clause (i) in the 
     case of paragraph (2)(D).''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to taxable years beginning after December 31, 
     2025.
                                 ______