Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2020 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.

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

Year Current Law Provision
2018288288
2019272272
2020256256
2021239240
2022223223
2023206207
2024188191
2025171175
2026154159
2027137144
2028120129
2029104114
20308699
20316984
20325169
20333353
20341437
2035-521
2036-255
2037-46-12
2038-67-29
2039-88-47
2040-110-64
2041-132-81
2042-154-99
2043-176-116
2044-199-134
2045-221-151
2046-244-168
2047-267-185
2048-289-202
2049-312-219
2050-335-235
2051-358-252
2052-381-268
2053-403-284
2054-426-301
2055-450-317
2056-473-333
2057-496-350
2058-520-367
2059-544-384
2060-569-401
2061-594-419
2062-619-438
2063-645-457
2064-671-476
2065-698-496
2066-725-516
2067-752-536
2068-780-557
2069-808-578
2070-837-599
2071-866-622
2072-896-644
2073-927-668
2074-958-691
2075-990-716
2076-1023-741
2077-1057-767
2078-1092-794
2079-1128-822
2080-1165-850
2081-1202-878
2082-1240-907
2083-1278-936
2084-1316-965
2085-1354-995
2086-1392-1024
2087-1430-1053
2088-1468-1082
2089-1505-1111
2090-1543-1140
2091-1580-1169
2092-1618-1198
2093-1655-1227
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