Proposed Provision: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2016 and 6.5 percent for 2017 and later. Starting in 2016, reduce the corporate income tax rate from 35 to 27 percent.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 292 |
| 2017 | 277 | 274 |
| 2018 | 262 | 256 |
| 2019 | 248 | 239 |
| 2020 | 233 | 222 |
| 2021 | 219 | 205 |
| 2022 | 203 | 187 |
| 2023 | 187 | 169 |
| 2024 | 171 | 151 |
| 2025 | 154 | 133 |
| 2026 | 137 | 114 |
| 2027 | 119 | 95 |
| 2028 | 101 | 75 |
| 2029 | 83 | 55 |
| 2030 | 64 | 34 |
| 2031 | 44 | 13 |
| 2032 | 23 | -9 |
| 2033 | 2 | -32 |
| 2034 | -20 | -55 |
| 2035 | -42 | -79 |
| 2036 | -65 | -103 |
| 2037 | -88 | -127 |
| 2038 | -112 | -152 |
| 2039 | -136 | -178 |
| 2040 | -160 | -203 |
| 2041 | -185 | -229 |
| 2042 | -210 | -255 |
| 2043 | -235 | -281 |
| 2044 | -260 | -308 |
| 2045 | -285 | -334 |
| 2046 | -310 | -361 |
| 2047 | -336 | -387 |
| 2048 | -362 | -414 |
| 2049 | -388 | -442 |
| 2050 | -415 | -469 |
| 2051 | -442 | -497 |
| 2052 | -468 | -525 |
| 2053 | -495 | -552 |
| 2054 | -523 | -580 |
| 2055 | -550 | -609 |
| 2056 | -578 | -637 |
| 2057 | -606 | -666 |
| 2058 | -635 | -696 |
| 2059 | -664 | -726 |
| 2060 | -694 | -757 |
| 2061 | -725 | -788 |
| 2062 | -756 | -819 |
| 2063 | -787 | -852 |
| 2064 | -819 | -884 |
| 2065 | -852 | -918 |
| 2066 | -885 | -951 |
| 2067 | -918 | -985 |
| 2068 | -952 | -1020 |
| 2069 | -987 | -1055 |
| 2070 | -1022 | -1091 |
| 2071 | -1057 | -1128 |
| 2072 | -1094 | -1165 |
| 2073 | -1132 | -1204 |
| 2074 | -1171 | -1244 |
| 2075 | -1210 | -1284 |
| 2076 | -1251 | -1326 |
| 2077 | -1293 | -1368 |
| 2078 | -1335 | -1412 |
| 2079 | -1378 | -1455 |
| 2080 | -1421 | -1499 |
| 2081 | -1464 | -1543 |
| 2082 | -1507 | -1587 |
| 2083 | -1550 | -1631 |
| 2084 | -1593 | -1676 |
| 2085 | -1636 | -1720 |
| 2086 | -1680 | -1764 |
| 2087 | -1724 | -1809 |
| 2088 | -1769 | -1855 |
| 2089 | -1814 | -1901 |
back