Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2028 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 |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 111 |
| 2029 | 92 | 92 |
| 2030 | 74 | 75 |
| 2031 | 57 | 58 |
| 2032 | 40 | 43 |
| 2033 | 23 | 27 |
| 2034 | 7 | 13 |
| 2035 | -9 | -1 |
| 2036 | -25 | -15 |
| 2037 | -41 | -30 |
| 2038 | -58 | -44 |
| 2039 | -76 | -59 |
| 2040 | -94 | -74 |
| 2041 | -112 | -89 |
| 2042 | -132 | -105 |
| 2043 | -151 | -121 |
| 2044 | -171 | -137 |
| 2045 | -192 | -154 |
| 2046 | -213 | -171 |
| 2047 | -234 | -188 |
| 2048 | -256 | -206 |
| 2049 | -279 | -223 |
| 2050 | -301 | -241 |
| 2051 | -324 | -259 |
| 2052 | -347 | -277 |
| 2053 | -371 | -295 |
| 2054 | -395 | -314 |
| 2055 | -420 | -333 |
| 2056 | -445 | -353 |
| 2057 | -470 | -372 |
| 2058 | -496 | -393 |
| 2059 | -522 | -414 |
| 2060 | -550 | -435 |
| 2061 | -578 | -457 |
| 2062 | -607 | -480 |
| 2063 | -636 | -503 |
| 2064 | -666 | -527 |
| 2065 | -697 | -551 |
| 2066 | -729 | -576 |
| 2067 | -761 | -602 |
| 2068 | -794 | -628 |
| 2069 | -827 | -655 |
| 2070 | -861 | -683 |
| 2071 | -896 | -711 |
| 2072 | -931 | -740 |
| 2073 | -967 | -769 |
| 2074 | -1004 | -800 |
| 2075 | -1042 | -831 |
| 2076 | -1081 | -863 |
| 2077 | -1121 | -897 |
| 2078 | -1162 | -931 |
| 2079 | -1204 | -966 |
| 2080 | -1248 | -1002 |
| 2081 | -1292 | -1039 |
| 2082 | -1337 | -1077 |
| 2083 | -1384 | -1116 |
| 2084 | -1431 | -1156 |
| 2085 | -1480 | -1197 |
| 2086 | -1530 | -1238 |
| 2087 | -1581 | -1281 |
| 2088 | -1633 | -1325 |
| 2089 | -1686 | -1370 |
| 2090 | -1740 | -1415 |
| 2091 | -1795 | -1461 |
| 2092 | -1850 | -1507 |
| 2093 | -1906 | -1554 |
| 2094 | -1962 | -1601 |
| 2095 | -2019 | -1648 |
| 2096 | -2075 | -1696 |
| 2097 | -2132 | -1743 |
| 2098 | -2189 | -1791 |
| 2099 | -2246 | -1839 |
| 2100 | -2303 | -1886 |
| 2101 | -2359 | -1933 |
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