; minus (B) the total reduction in outlays from such Trust Fund during the preceding fiscal year which are attributable to the application of the amendments made by section 2(b) of the Economic Security for New Parents Act . (2) The amount appropriated to the Federal Old-Age and Survivors Insurance Trust Fund under paragraph (1) shall be determined by the Secretary of the Treasury in consultation with the Chief Actuary of the Social Security Administration. . (d) Effective date The amendments made by this section shall apply to calendar years beginning after December 31, 2019. 3. Taxation of Parental Leave Benefit payments (a) In general Section 86 of the Internal Revenue Code of 1986 is amended— (1) in subsection (d)(1)(A), by inserting (or, in the case of section 235 of the Social Security Act, a single benefit payment) after a monthly benefit ; and (2) by adding at the end the following new subsection: (g) Parental Leave Benefit payments In the case of a taxpayer who receives a parental leave benefit under section 235 of the Social Security Act during the taxable year, the base amount and adjusted base amount, as described in subsection (c), for such taxable year shall be determined by multiplying the dollar amounts otherwise applicable under paragraphs (1) and (2) of such subsection by 2. . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2019.