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With Tax Effects, Chained CPI Draws Coalition of Opposition
When the Obama administration included in its fiscal 2014 budget proposal a plan that would effectively reduce Social Security benefits over the years, officials braced for a strong backlash from Democrats and other defenders of the entitlement program. The White House certainly got an earful from fellow Democrats, but the idea also is drawing sharp resistance from the right, and that is creating an unlikely coalition of opposition from very different sides of the political spectrum. Read more…
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