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Showing blog posts tagged with Social Security

'Unacceptable': Democrats Sound Off on 'Chained' CPI Proposal

Democrats in the House are speaking out against a proposed Social Security COLA cut known as the “chained” CPI, which would severely harm the elderly and people with disabilities.

Here are some highlights and videos of written and public statements:

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Boehner’s Plan for Fiscal Showdown—Cut Social Security COLA to Pay for More Tax Cuts for the Rich

Boehner’s Plan for Fiscal Showdown—Cut Social Security COLA to Pay for More Tax Cuts for the Rich

On Sunday night, House Speaker John Boehner made clear he would like to make a simple trade with President Obama. He asked the president to extend tax cuts on income between $250,000 and $1 million a year—a tax bonanza of nearly $400 billion over 10 years, about half of which would go to millionaires.  

Call the White House at 202-456-1111; tell President Obama you oppose the "chained" CPI.

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Chained CPI: The Younger You Are, the Bigger the Cut

Photo from a lame-duck Social Security rally in Wisconsin.

One of the proposals floated for months in the fiscal bluff debate in Washington, D.C., is a change to the formula used to measure inflation for Social Security Cost-of-Living Adjustments (COLAs) called the "chained" CPI. Let's be clear: This is a benefit cut. These COLAs make sure seniors' income keeps pace with the rising costs of housing and food. The "chained" CPI would cut future Social Security benefits by as much as $2,432 for someone who is 17 years old today. Studies from the Center for Economic and Policy Research (CEPR) show that not only is the "chained" CPI a benefit cut, it eventually will lead to higher taxes for most working people.

Young people around the country have been speaking out on the fiscal showdown. Check out this roundup of blog posts and see what it means to them.

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Trumka: 'Republicans Are Once Again Demanding Benefit Cuts to Pay for Tax Cuts'

"Republicans are once again demanding benefit cuts to pay for tax cuts, and threatening to harm the economy unless they get their way," said AFL-CIO President Richard Trumka in a statement today

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Capitol Hill Action Fights Calls to Cut Social Security, Medicare, Medicaid

Photo by Ianthe Metzger

Amid reports that negotiations over the so-called “fiscal cliff” include possible cuts to Social Security, Medicare, Medicaid and other vital lifelines that families count on, worker activists are rallying on Capitol Hill today. They are calling on Congress to fight back against cuts to Social Security, Medicare and Medicaid and to insist that lawmakers ensure the nation’s wealthiest pay their fair share in taxes.

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Young and Old Agree: Don't Cut Social Security

Social Security survivor benefits make it possible for children to live at home instead of being sent to an orphanage when a parent dies. Social Security old age benefits ensure you can retire with dignity. If you become disabled or injured on the job, Social Security disability benefits will help keep you afloat. 

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Reducing Social Security COLAs Is a Big Benefit Cut for Current and Future Beneficiaries

We've told you about "chained" CPI and that it's a benefit cut and a "stealth" tax hike for working people. It's time to spread the word. 

New reports on the lame-duck Congress say that House Speaker John Boehner is pushing for Republican benefit cuts, including lowering the Social Security COLA (cost of living adjustment). Other Republicans are asking for a hike in the Medicare eligibility age, which is also a cut

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Only Two Days Left to Join Artstrike

Image by Xavier Viramontes

Aspiring artists have only until Wednesday, Dec. 19, to submit original works of art to Artstrike, the day of action put together by CultureStrike, 5D Stories and the Rebuild the Dream Innovation Fund. So far, numerous artists have contributed dozens of images, songs and videos to the project, all with the message directed at Congress that working families oppose benefit cuts to Social Security, Medicare and Medicaid and want the richest Americans to pay their fair share of taxes, which includes letting the Bush tax cuts for the wealthiest 2% expire.

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Chained CPI Is a Cut in Social Security Benefits and 'Stealth' Tax Hike

Illustration by Aryer via Art Strike

Beware the "chained" CPI.

As Republicans in Congress take a hard line in the sand against higher tax rates for millionaires and billionaires, they are demanding a Social Security benefit cut through a lower Cost of Living Adjustments (COLAs). The lower COLA would result from the adoption of a new formula for calculating COLAs called "Chained CPI." 

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Republican Fiscal Bluff Demands Are All About Benefit Cuts

Photo courtesy of Gage Skidmore

Even a heartless Grinch should understand that cutting Social Security, Medicare and Medicaid benefits is a really bad idea.

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