In open to amendment at any point. At this point, i offer the enemy , theed in substitute nature of the substitute will be considered as read in open to the open to it than that at any point. Chief now turn it to the of staff on the committee of taxation to provide a description of the amendment. I ask members to hold his questions until after his presentation. Hisisturb are told . Presentation. Mister bartold . Jcs x 10 and 11 in front of you underlying the nature of the substitute. This document describes to provisions. Two it is an allocated fee for 2017. It is 4 billion. In 2018, 4. 1 billion. It is allocated among manufacturers aced total market sales. The proposal before you would eliminate this fee for calendar years after 2017, effective in 2018. My colleagues have estimated this proposal will lose 24. 8 billion over the budget period. The other provision that is part of this it is budget reconciliation recommendation relates to the annual fee on Health Insurance providers. It
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A brighter economic outlook has helped push Social Security's projected trust fund depletion date to a year later. But there's still urgency for Congress to act.
The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected,.