Take the following as truth: 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.
Then the following statement: "HI spending can be safely increased with only a 1 percent increase in payroll taxes." is true, false, or inconclusive?
Answer: False