Proposed Provision: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2013 and 6.5 percent for 2014 and later. Starting in 2013, 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
2011353353
2012347347
2013341341
2014334331
2015328321
2016321312
2017314302
2018306291
2019296279
2020284266
2021272252
2022259237
2023245222
2024230206
2025214189
2026198172
2027181154
2028164135
2029145116
203012796
203110775
20328754
20336733
20344611
203525-11
20364-33
2037-18-56
2038-40-79
2039-62-102
2040-85-125
2041-108-149
2042-130-173
2043-153-196
2044-176-220
2045-200-244
2046-223-269
2047-247-293
2048-271-318
2049-295-343
2050-319-368
2051-343-393
2052-368-418
2053-393-444
2054-418-469
2055-443-495
2056-468-522
2057-494-548
2058-521-575
2059-548-603
2060-575-631
2061-602-659
2062-630-688
2063-659-717
2064-687-746
2065-716-776
2066-746-806
2067-775-836
2068-805-867
2069-835-897
2070-866-929
2071-897-960
2072-928-992
2073-960-1025
2074-992-1058
2075-1025-1091
2076-1058-1125
2077-1092-1160
2078-1126-1195
2079-1161-1230
2080-1196-1266
2081-1232-1303
2082-1268-1340
2083-1305-1378
2084-1342-1416
2085-1380-1454
2086-1419-1494
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