Proposed Provision: Tax Reform for Business: Establish a value added tax of 3.0 percent for 2016 and 6.5 percent for 2017 and later. Starting in 2016, 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
2014320320
2015306306
2016292292
2017277274
2018262256
2019248239
2020233222
2021219205
2022203187
2023187169
2024171151
2025154133
2026137114
202711995
202810175
20298355
20306434
20314413
203223-9
20332-32
2034-20-55
2035-42-79
2036-65-103
2037-88-127
2038-112-152
2039-136-178
2040-160-203
2041-185-229
2042-210-255
2043-235-281
2044-260-308
2045-285-334
2046-310-361
2047-336-387
2048-362-414
2049-388-442
2050-415-469
2051-442-497
2052-468-525
2053-495-552
2054-523-580
2055-550-609
2056-578-637
2057-606-666
2058-635-696
2059-664-726
2060-694-757
2061-725-788
2062-756-819
2063-787-852
2064-819-884
2065-852-918
2066-885-951
2067-918-985
2068-952-1020
2069-987-1055
2070-1022-1091
2071-1057-1128
2072-1094-1165
2073-1132-1204
2074-1171-1244
2075-1210-1284
2076-1251-1326
2077-1293-1368
2078-1335-1412
2079-1378-1455
2080-1421-1499
2081-1464-1543
2082-1507-1587
2083-1550-1631
2084-1593-1676
2085-1636-1720
2086-1680-1764
2087-1724-1809
2088-1769-1855
2089-1814-1901
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