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House Ways and Means Committee Misleads Hill on Chained CPI
The House Ways and Means Committee added another chapter to its epic misinformation campaign to sell chained CPI to Congress, the media and general public as the basis for Social Security cost-of-living adjustments (COLAs). It sent a press release to all Hill offices and the media entitled, “FACT: Chained CPI Would Result in a Larger COLA Increase for 2014.” They claimed a COLA based on the chained CPI would be 1.7 percent, a larger COLA than the statutorily scheduled 1.5 percent...Read More
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