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“Amendment SA 1647 not agreed to in Senate by Voice Vote.”
This amendment would have created a special category in the budget for future laws that avoid giving new tax breaks to large corporations. Because the amendment was rejected, these specific conditions were not added to the government's financial blueprint.
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“Amendment SA 1647 not agreed to in Senate by Voice Vote.”
This amendment would have created a special category in the budget for future laws that avoid giving new tax breaks to large corporations. Because the amendment was rejected, these specific conditions were not added to the government's financial blueprint.
Budget resolutions set the 'rules of the road' for future tax and spending bills; this amendment was an attempt to prioritize future laws that do not benefit large corporations through the tax code.
This amendment would have primarily impacted large corporations and the federal budget by creating procedural hurdles for new corporate tax incentives.