On the recordAugust 6, 2022
the end is near--I hope. For those of us on this side of the aisle who have worked long and hard, this is the last substantive action we have to take before final passage of a historic piece of legislation. Recognizing--and I want to thank the Senators on both sides of the aisle for the productive discussions in the last vote on a difficult issue that my amendment would address. My amendment would simply strike the offset in the previous amendment known as the State and local tax deduction and replace it with a 2-year extension of a so-called loss limitation policy that has bipartisan support over many years. This was first employed under President Trump, then employed by the Democrats. Everyone on this side of the aisle has voted for this pay- for, $52 billion, which more than offsets the $35 billion that were taken from the previous amendment. This amendment will allow us to move forward on this historic legislation, on drug prices, climate change, reform the tax code, and bring down inflation and make sure we have got a true comprehensive energy policy. I urge all my colleagues to support the amendment. The PRESIDING OFFICER. The Senator from South Dakota.





