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Chained CPI bad policy for seniors

A flawed policy initiative called the Chained Consumer Price Index is gaining steam in Washington budget talks that would short-change those who receive federal benefits such as Social Security and federal annuities by low-balling their annual cost-of-living adjustments (COLAs). Chained CPI supporters have tried to minimize the consequences it will have on seniors, retired federal employees, and veterans by calling it a “technical adjustment”...Read More

 

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