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