Proposed Provision: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2017 and 6.5 percent for 2018 and later. Starting in 2017, 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
2015308308
2016298298
2017280280
2018264261
2019248242
2020233224
2021219207
2022204190
2023189172
2024173155
2025157137
2026142120
2027126103
202811085
20299467
20307749
20316030
20324210
203323-10
20344-31
2035-16-52
2036-36-74
2037-57-96
2038-78-119
2039-100-142
2040-122-165
2041-144-188
2042-166-212
2043-189-236
2044-211-259
2045-234-283
2046-257-308
2047-280-332
2048-303-356
2049-327-381
2050-351-405
2051-375-430
2052-398-455
2053-423-480
2054-447-505
2055-472-530
2056-496-556
2057-522-582
2058-548-609
2059-574-636
2060-601-663
2061-629-692
2062-657-720
2063-685-750
2064-714-779
2065-744-809
2066-774-840
2067-804-871
2068-835-903
2069-867-935
2070-899-968
2071-932-1002
2072-965-1036
2073-1000-1071
2074-1035-1108
2075-1072-1145
2076-1110-1184
2077-1148-1223
2078-1188-1264
2079-1228-1305
2080-1268-1346
2081-1309-1388
2082-1350-1430
2083-1391-1472
2084-1432-1514
2085-1472-1555
2086-1514-1597
2087-1555-1640
2088-1597-1683
2089-1640-1726
2090-1683-1771
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