SA 244. Mr. CORNYN submitted an amendment intended to be proposed to amendment SA 89 submitted by Ms. Stabenow (for herself and Mr. Levin) and intended to be proposed to the bill H.R. 2, to amend title XXI of the Social Security Act to extend and improve the Children's Health Insurance Program, and for other purposes; which was ordered to lie on the table; as follows:

Beginning on page 435, strike line 4 and all that follows through page 441, line 15, and insert the following:
SEC. 1001. REDUCTION IN 10-PERCENT RATE BRACKET FOR 2009 AND 2010.
(a) In General.--Paragraph (1) of section 1(i) is amended by adding at the end the following new subparagraph:
``(D) REDUCED RATE FOR 2009 AND 2010.--In the case of any taxable year beginning in 2009 or 2010--
``(i) IN GENERAL.--Subparagraph (A)(i) shall be applied by substituting `5 percent' for `10 percent'.
``(ii) RULES FOR APPLYING CERTAIN OTHER PROVISIONS.--
``(I) Subsection (g)(7)(B)(ii)(II) shall be applied by substituting `5 percent' for `10 percent'.
``(II) Section 3402(p)(2) shall be applied by substituting `5 percent' for `10 percent'.''.
(b) Effective Dates.--
(1) IN GENERAL.--The amendments made by this section shall apply to taxable years beginning after December 31, 2008.
(2) WITHHOLDING PROVISIONS.--Subclause (II) of section 1(i)(1)(D)(ii) of the Internal Revenue Code of 1986, as added by subsection (a), shall apply to amounts paid after the 60th day after the date of the enactment of this Act.
Beginning on page 554, line 6, strike all through page 565, line 3.


(As printed in the Congressional Record for the Senate on Feb 4, 2009.)