Proposed Provision: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2014 and 6.5 percent for 2015 and later. Starting in 2014, 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
2012340340
2013329329
2014315315
2015302299
2016290284
2017277269
2018265254
2019253240
2020240225
2021227209
2022212193
2023197176
2024181159
2025164140
2026147122
2027129103
202811082
20299062
20307040
20314918
203227-5
20335-29
2034-18-53
2035-41-77
2036-65-102
2037-89-127
2038-114-153
2039-138-179
2040-163-205
2041-189-231
2042-215-258
2043-240-285
2044-266-312
2045-292-339
2046-319-366
2047-346-394
2048-373-422
2049-400-451
2050-428-479
2051-456-508
2052-484-536
2053-512-565
2054-540-595
2055-569-624
2056-598-654
2057-628-684
2058-657-715
2059-688-746
2060-719-778
2061-750-810
2062-782-843
2063-814-876
2064-847-909
2065-880-943
2066-913-977
2067-946-1011
2068-980-1046
2069-1014-1080
2070-1049-1116
2071-1084-1152
2072-1120-1188
2073-1156-1225
2074-1193-1263
2075-1230-1301
2076-1268-1340
2077-1307-1380
2078-1346-1419
2079-1385-1459
2080-1425-1500
2081-1465-1541
2082-1505-1583
2083-1547-1625
2084-1588-1667
2085-1631-1710
2086-1673-1754
2087-1717-1799
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