Current economic projections indicate that the Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) trust fund will be depleted between 2033 and 2035. After the trust fund is exhausted, scheduled tax revenues from the payroll tax will be sufficient to pay only about 75% of the scheduled benefits. The payroll tax is a tax that employers and employees contribute to fund certain social insurance programs. It is typically withheld from an employee's wages by the employer and is used to finance social insurance programs such as Social Security, Medicare, and Unemployment Insurance. On April 18, 2023, US Senator Sheldon White (Rhode Island) and US Representative Brendan Boyle (Pennsylvania) introduced a proposal to Congress to raise the OASDI payroll tax rate on covered earnings referring to the income subject to the Social Security payroll taxabove $400,000. If enacted, the current 2.4% payroll tax will be increased to 4.8% for any earnings above $400,000. This adjustment aims to ensure that OASDI scheduled benefits are paid in full and on time. In addition, the provision specifies that for a given year, earnings exceeding $400,000 would not be factored into benefit calculations. As a result, individuals with earnings surpassing this threshold will not accumulate additional benefits based on those elevated income levels. In simpler terms, if you earn more than $400,000 in a year and end up paying more in OASDI taxes due to this proposal, your OASDI benefits will not increaseDiscuss the tradeoff between equity and efficiency implied from the proposed reform in applying the OASDI payroll tax on high incomes. More specifically, discuss the assignment problem that the Whitehouse-Boyle proposal poses for public policy