Proposed Provision: A1. Starting December 2023, reduce the annual COLA by 1 percentage point.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202212.812.814.114.1
202313.013.014.314.3
202413.012.914.414.3
202513.013.014.714.4
202613.113.114.914.5
202713.113.115.114.5
202813.113.115.314.6
202913.213.115.514.7
203013.213.115.714.8
203113.213.215.914.8
203213.213.216.114.9
203313.313.216.214.9
203413.313.216.314.9
203513.313.216.414.9
203613.313.216.514.9
203713.313.216.614.9
203813.313.216.614.9
203913.313.216.714.8
204013.313.216.714.8
204113.313.216.714.8
204213.313.216.814.7
204313.313.216.814.7
204413.313.216.814.7
204513.313.216.814.7
204613.313.216.814.7
204713.313.216.914.7
204813.313.216.914.7
204913.313.216.914.7
205013.313.216.914.7
205113.313.217.014.7
205213.313.217.014.7
205313.313.217.114.7
205413.313.217.114.8
205513.313.217.114.8
205613.313.217.214.9
205713.313.217.314.9
205813.413.217.315.0
205913.413.217.415.0
206013.413.217.515.1
206113.413.217.515.1
206213.413.217.615.2
206313.413.217.615.2
206413.413.217.715.2
206513.413.217.715.3
206613.413.217.815.3
206713.413.217.815.4
206813.413.217.915.4
206913.413.317.915.4
207013.413.318.015.5
207113.413.318.115.5
207213.413.318.115.6
207313.413.318.215.6
207413.413.318.215.6
207513.413.318.315.7
207613.413.318.315.7
207713.413.318.315.7
207813.413.318.315.7
207913.413.318.315.7
208013.413.318.315.7
208113.413.318.315.6
208213.413.318.215.6
208313.413.318.215.5
208413.413.318.215.5
208513.413.318.115.5
208613.413.318.015.4
208713.413.318.015.3
208813.413.217.915.3
208913.413.217.915.2
209013.413.217.815.2
209113.413.217.715.1
209213.413.217.715.1
209313.413.217.715.1
209413.413.217.715.0
209513.413.217.615.0
209613.413.217.615.0
209713.413.217.615.0
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