Spending-neutral reserve fund related to current tax policy baseline

The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to using more realistic assumptions regarding current tax policy, which may include extending provisions under Public Law 115–97 (131 Stat. 2054) (commonly known as the Tax Cuts and Jobs Act of 2017) in the baseline in order to prevent massive tax increases on working families and small businesses, and to align treatment of tax policy with major Federal spending programs, without raising revenue, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over the period of the total of fiscal years 2025 through 2034.