SAMDT 2696 — To amend the Internal Revenue Code of 1986 to extend the enhanced premium tax credits and increase the individual tax rate for taxpayers with income of $10,000,000.

AMENDS

AMENDMENT PROGRESS

STEP 3 OF 3

Proposed

Considered

Disposed

Proposed
Considered
Disposed

DISPOSITION

FAILED

JUN 30, 2025

“Amendment SA 2696 ruled out of order by the chair.”

what this changes

This amendment would have extended government subsidies that lower health insurance costs for people buying plans through the Affordable Care Act. To pay for these subsidies, it would have increased the income tax rate for people earning more than $10 million a year.

WHY IT MATTERS

The amendment highlights a policy debate over using tax increases on the highest-earning Americans to fund healthcare affordability programs for the general public.

WHO IS AFFECTED

This would have most directly affected individuals buying health insurance on the federal or state exchanges and individuals earning more than $10 million annually.

AMENDS

HR 1BECAME LAW

An act to provide for reconciliation pursuant to title II of H. Con. Res. 14.

OTHER AMENDMENTS TO THIS BILL

KEY POINTS

low

Health Insurance Subsidies

Extending these credits generally lowers the monthly out-of-pocket premium costs for families using the ACA marketplace.

low

Tax Increase on Ultra-Wealthy

The amendment specifically targeted taxpayers earning over $10 million, seeking to generate revenue to offset healthcare spending.

low

Procedural Rejection

Being ruled 'out of order' often occurs in the Senate when a proposal doesn't follow strict rules regarding how spending or taxes are handled in a specific type of bill.

GLOSSARY

Premium Tax Credits: A refundable tax credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace.
Out of Order: A procedural ruling that an amendment or action violates the rules of the Senate and therefore cannot proceed.

Official sources

SAMDT 2696 on Congress.gov

This analysis used: Amendment purpose · Latest action · Amended bill: status

ACTION TIMELINE

8 EVENTS

JUN 30, 25

Amendment SA 2696 ruled out of order by the chair.

FLOOR

JUN 30, 25

Motion to waive section 302(f) of the Congressional Budget Act with respect to amendment SA 2696 rejected in Senate by Yea-Nay Vote. 47 - 53. Record Vote Number: 339.

FLOOR

JUN 30, 25

Point of order that the amendment violates section 302(f) of the Congressional Budget Act raised in Senate with respect to amendment SA 2696.

FLOOR

JUN 30, 25

Amendment SA 2696 proposed by Senator Ossoff to Amendment SA 2360. (consideration: CR S4046-4047)

FLOOR

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To amend the Internal Revenue Code of 1986 to extend the enhanced premium tax credits and increase the individual tax rate for taxpayers with income of $10,000,000.

AMENDS

SUMMARY

KEY POINTS

SPONSORSHIP

ACTION TIMELINE

AMENDMENT INFO

READER REACTIONS

Discussion

To amend the Internal Revenue Code of 1986 to extend the enhanced premium tax credits and increase the individual tax rate for taxpayers with income of $10,000,000.

AMENDS

AMENDMENT PROGRESS