DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS ACT, 2026--Motion to Proceed--Continued

On 2026-02-10, Senator Mike Crapo (R-ID) delivered a floor speech titled "DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS ACT, 2026--Motion To Proceed--Continued" in the Senate. The speech addressed taxes and also covered the environment, foreign policy. It referenced legislation including S542, S543, SJRES95.

DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS ACT, 2026--Motion to Proceed--Continued

Congressional Record, Volume 172 Issue 28 (Tuesday, February 10, 2026) [Congressional Record Volume 172, Number 28 (Tuesday, February 10, 2026)] [Senate] [Pages S542-S543] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS ACT, 2026--Motion to Proceed--Continued The PRESIDING OFFICER. The Senator from Idaho. Corporate Alternative Minimum Tax to Partnerships Mr. CRAPO. Madam President, reserving the right to object to what I expect to be a unanimous consent request with regard to S.J. Res. 95, the resolution seeks to overturn a Trump administration IRS notice providing simplified guidance on applying the corporate alternative minimum tax to partnerships. The corporate alternative minimum tax is a fundamentally flawed, Democrat-enacted book minimum tax. Not one single Republican voted for it. As Republicans predicted, the book minimum tax has proven to be highly complex and burdensome. Even President Biden's own Treasury Department acknowledged its dizzying complexity. They waived penalties related to it for 2 full years due to the ``continued challenges'' of compliance. The Trump IRS notice at issue today reduces compliance burdens, making it easier for businesses to calculate their liability. Democrats gave Treasury extremely broad discretion to implement the tax, including on complex issues like how it should apply to partnerships. The notice is within the Treasury's authority, but the Democrats dislike the outcome. Approving this resolution would revive ambiguity, inviting audits, litigation, and significant compliance costs. Therefore, I register my objection when the unanimous consent request is made. [[Page S543]] The PRESIDING OFFICER. The Senator from Oregon. ____________________

Referenced legislation: SJRES95