Proposed Provision: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2015 and 6.5 percent for 2016 and later. Starting in 2015, 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
2013330330
2014315315
2015301301
2016286283
2017271265
2018257249
2019244233
2020231217
2021218202
2022204186
2023189169
2024173152
2025158135
2026142117
202712599
202810880
20299061
20307141
20315220
203231-2
203311-24
2034-11-46
2035-32-69
2036-55-93
2037-78-117
2038-101-141
2039-124-166
2040-148-191
2041-172-216
2042-196-241
2043-220-267
2044-245-292
2045-269-318
2046-294-344
2047-319-370
2048-345-397
2049-371-423
2050-397-450
2051-423-477
2052-449-504
2053-476-531
2054-502-559
2055-530-587
2056-557-615
2057-585-643
2058-613-673
2059-642-702
2060-671-732
2061-701-763
2062-732-794
2063-763-826
2064-794-858
2065-826-891
2066-859-924
2067-892-957
2068-925-991
2069-959-1026
2070-993-1061
2071-1028-1097
2072-1064-1134
2073-1101-1172
2074-1139-1210
2075-1178-1250
2076-1217-1290
2077-1258-1332
2078-1299-1374
2079-1340-1416
2080-1382-1459
2081-1424-1502
2082-1466-1545
2083-1508-1587
2084-1550-1630
2085-1592-1674
2086-1635-1717
2087-1678-1761
2088-1722-1806
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