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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. In fact, raising the Medicare eligibility age costs $2 for every $1 saved.  

Working people from all over the country are calling on Congress to stop giving tax cuts to the wealthiest 2% and to reject any benefit cuts to Social Security, Medicare and Medicaid. 

Learn more at www.aflcio.org/ProtectOurFuture

Share this graphic below from the National Committee to Preserve Social Security and Medicare, which explains why adjusting the Social Security formula to a "chained" CPI is harmful for seniors and future recipients. The "chained" CPI appeared in the Bowles-Simpson plan, which many in Washington like to tout is a "balanced" approach. Nothing could be further from the truth. 

NCPSSMChainedCPI
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lame duck
Medicare
Social Security

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