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Chained CPI survey? Think again, Washington

April 12, 2013
By Marilyn Pinsky , AARP New York

Remember just last year - an election year - when political leaders in Washington and on the campaign trail told us they would not cut Social Security benefits for people currently in the program? Now President Obama is pushing a budget deal that includes a proposal called "chained CPI," a fancy Washington term that really means cutting Social Security and veterans' benefits, and increasing taxes for most taxpayers. The chained CPI would cut the cost-of-living adjustment for Social Security and veterans' benefits by $146 billion in the first 10 years alone, while also raising taxes by $124 billion.

 
 

 

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