In other words, averting a HI shortfall for 75 years now would require an increase in payroll taxes by 1.97 percent (a 68-percent increase over the 2001 rate paid by employers and workers47), a cut in HI spending by 37 percent, or some combination of the two.
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An increase in payroll taxes would be required to avoid a shortfall for 75 years.
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HI spending can be safely increased with only a 1 percent increase in payroll taxes.