Proposed Provision: F5. Tax Reform for Business: Establish a value added tax of 3.0 percent for 2019 and 6.5 percent for 2020 and later. Starting in 2019, reduce the corporate income tax rate from 35 to 27 percent.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2017298298
2018287287
2019273273
2020259256
2021245239
2022230221
2023215203
2024199185
2025182166
2026165147
2027148128
2028130108
202911289
20309469
20317548
20325628
2033376
203416-16
2035-4-38
2036-26-61
2037-47-84
2038-70-108
2039-92-132
2040-115-156
2041-138-181
2042-161-205
2043-184-230
2044-207-254
2045-230-279
2046-253-303
2047-276-328
2048-300-352
2049-323-376
2050-346-401
2051-370-425
2052-393-450
2053-417-474
2054-440-498
2055-464-522
2056-487-547
2057-511-571
2058-536-596
2059-560-622
2060-585-647
2061-611-673
2062-637-700
2063-663-727
2064-690-754
2065-717-782
2066-745-810
2067-772-838
2068-801-867
2069-829-896
2070-858-926
2071-888-956
2072-918-987
2073-949-1019
2074-981-1051
2075-1014-1084
2076-1047-1118
2077-1082-1154
2078-1117-1190
2079-1153-1227
2080-1190-1264
2081-1227-1302
2082-1264-1340
2083-1300-1377
2084-1337-1415
2085-1374-1452
2086-1410-1489
2087-1446-1526
2088-1483-1563
2089-1520-1601
2090-1557-1639
2091-1595-1677
2092-1633-1716
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