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How would ‘Chained CPI’ affect your benefits?

A House Ways and Means subcommittee on Wednesday held a hearing to examine the impacts of using “Chained CPI” to slow the growth in entitlement spending and increase tax revenue. President Obama has put Chained CPI on the table as part of his proposal to cut entitlements in exchange for higher taxes, but many Democrats think that deal gives away too much to Republicans. All this probably leads our readers to wonder: What is Chained CPI, and how would it affect me? Read more…

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