These provisions extend or reduce the categories of workers or the amount of earnings covered under the Social Security system. We provide a summary list of all options (printer-friendly PDF version) in this category. For each provision listed below, we provide an estimate of the financial effect on the OASDI program over the long-range period (the next 75 years) and for the 75th year. In addition, we provide graphs and detailed single year tables. We base all estimates on the intermediate assumptions described in the 2017 Trustees Report.
Choose the type of estimates (summary or detailed) from the list of provisions.
| Number | Table and graph selection |
|---|---|
| F1 |
Starting in 2018, cover newly hired State and local government employees.
Summary measures and graphs
(PDF version)
Detailed single year tables (PDF version) Memoranda containing this or a similar provision: |
| F2 |
Starting in 2018, exempt individuals with more than 180 quarters of
coverage from the OASDI payroll tax. Earnings exempted from OASDI
payroll tax would not be used in computing benefits.
Summary measures and graphs
(PDF version)
Detailed single year tables (PDF version) Memorandum containing this or a similar provision: |
| F3 |
Expand covered earnings to include employer and employee premiums for
employer-sponsored group health insurance (ESI). Starting in 2021,
phase out the OASDI payroll tax exclusion for ESI premiums. Set an
exclusion level at the 75th percentile of premium distribution in 2021,
with amounts above that subject to the payroll tax. Reduce the exclusion
level each year by 10 percent of the 2021 exclusion level until fully
eliminated in 2031. Eliminate the excise tax on ESI premiums starting
in 2021.
Summary measures and graphs
(PDF version)
Detailed single year tables (PDF version) Memorandum containing this or a similar provision: |
| F4 |
Expand covered earnings to include contributions to voluntary salary
reduction plans (such as Cafeteria 125 plans and Flexible Spending
Accounts). Starting in 2018, subject these contributions to the OASDI
payroll tax, making the payroll tax treatment of these contributions
like 401(k) contributions.
Summary measures and graphs
(PDF version)
Detailed single year tables (PDF version) Memorandum containing this or a similar 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.
Summary measures and graphs
(PDF version)
Detailed single year tables (PDF version) Memorandum containing this or a similar provision: |
| F6 |
Apply a 6.2 percent tax on investment income as defined in the Affordable Care
Act (ACA), with unindexed thresholds as in the ACA ($200,000 for single filer,
$250,000 for married filing jointly), starting in 2019. Proceeds go to the
OASDI Trust Fund.
Summary measures and graphs
(PDF version)
Detailed single year tables (PDF version) Memorandum containing this or a similar provision: |