Press "Enter" to skip to content

Chained CPI Cuts Social Security Benefits While Raising Taxes on the Middle Class

Washington, DC – A leading deficit reduction proposal is to “tweak” the official inflation measure used to annually adjust Social Security benefits, other government programs, and income tax brackets. Proponents of this proposal argue that a relatively new inflation measure, the Chained CPI, is more accurate than the current index and the decrease in benefits to the programs affected would be balanced by increased tax revenue from the wealthy. A new issue brief from the Center for Economic and Policy Research (CEPR) examines these issues and finds the opposite to be true.

Read more from CEPR’s website here.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sam Mulvey is one of the producers and hosts for…