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Text File  |  1993-02-17  |  1KB  |  20 lines
  1. ENT-68 REDUCE THE REPLACEMENT RATE WITHIN EACH BRACKET
  2.        OF THE SOCIAL SECURITY BENEFIT FORMULA
  3.  
  4.                                   Annual Savings              Cumulative
  5.                                (Millions of dollars            Five-Year
  6. Savings from         -----------------------------------------   Savings
  7. CBO Baseline         1994     1995      1996     1997     1998
  8. ---------------------------------------------------------------------------
  9.  
  10. Outlays               120      470       990     1,600    2,350      5,500
  11.  --------------------------------------------------------------------------
  12.  
  13. NOTE:Reductions in Social Security spending or increases in Social Security
  14.      taxes would reduce the total federal deficit and the amount of federal
  15.      borrowing from the public.  These savings would not be counted,
  16.      however, under the pay-as-you-go provisions of the Budget Enforcement
  17.      Act of 1990.
  18.  
  19. ---------------------------------------------------------------------------
  20.