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 |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 256 |
| 2021 | 239 | 240 |
| 2022 | 223 | 223 |
| 2023 | 206 | 207 |
| 2024 | 188 | 191 |
| 2025 | 171 | 175 |
| 2026 | 154 | 159 |
| 2027 | 137 | 144 |
| 2028 | 120 | 129 |
| 2029 | 104 | 114 |
| 2030 | 86 | 99 |
| 2031 | 69 | 84 |
| 2032 | 51 | 69 |
| 2033 | 33 | 53 |
| 2034 | 14 | 37 |
| 2035 | -5 | 21 |
| 2036 | -25 | 5 |
| 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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