The chained CPI would reduce Social Security benefits for the oldest and most vulnerable Americans who would be least able to afford it.
Max Richtman via Letter to President Obama on Fiscal Year 2016 Budget.
See more posts like this on Tumblr
#budget #politics #president obama #chained cpi #social security #seniors #retirement #retirees #retirement crisis #p2More you might like
Reports that President Obama will not include cuts to Social Security through adoption of the Chained CPI in his 2015 budget is welcome news for millions of seniors, veterans and people with disabilities who are tired of their modest benefits being used as deficit reduction bargaining chips. While it appears the White House has, for now, listened to the vast majority of Americans, of all ages and political parties, the President has still left the door open for more “let’s make a deal” bargaining with seniors’ benefits. He’s taking one step forward by keeping the Chained CPI out of his budget. We hope he won’t end up taking one step back by offering it up again later during any budget talks.
Read the rest of our statement about this news here.
A very large amount of news articles regarding the President dropping Chained CPI from his budget:
Good News For Social Security Beneficiaries…For a Change. - Entitled to Know.
Obama drops Social Security cut. - The Hill.
Obama hands progressives a win on Social Security. - Chicago Sun-Times.
Obama budget proposal to drop Social Security cuts. - Reuters.
Feeling pressure from the left, Obama backs off of Social Security cuts in budget. - Washington Times.
Obama Budget to Delete Proposal to Limit Social Security. - Bloomberg.
White House drops chained Consumer Price Index for Social Security. - Daily Kos.
Obama’s Budget Drops Big Social Security Cut. - Fire Dog Lake.
GOP’s Social Security disaster: Conservatives just lost their chance to cut benefit. - Salon.
Chained CPI Out of Obama Budget! Victory for the New Populists. - Huffington Post.
How John Boehner Spared Democrats Their Own Civil War. - National Journal.
And then there’s President Obama’s plan for Social Security and Medicare, which isn’t to be applauded either. He proposes cutting Social Security benefits for current and future retirees, veterans and the disabled plus raising taxes on the middle class through the Chained CPI.
via Entitled to Know.
Ultimately Members of Congress urged the President—and he’s agreed – to take the cost of living formula change called the Chained CPI out of his budget. The truth is, deficits are coming down and we didn’t have to target Social Security to do it.
Graphic above via SEIU.
In last year’s budget, President Barack Obama raised the ire of liberal groups by proposing a technical change to the way Social Security benefits are calculated. A year later, an aide wouldn’t say if the measure, known as chained-CPI, will be in Obama’s forthcoming budget for the 2015 fiscal year.
The GOP’s political gamesmanship and stated goal of “getting something” from this debacle has shifted the House leadership’s attention to so-called “entitlement reform,” which means benefit cuts targeting seniors including: Social Security Chained CPI, extending means testing in Medicare to the middle class, raising the retirement and eligibility ages, and ending traditional Medicare in favor of Rep. Paul Ryan’s “Couponcare” plan.
Max Richtman via Huffington Post.
On Friday, we received news that the Chained CPI (Social Security benefit cut) would not be in the President’s budget.
And while the vast majority of the American people do not support cutting Social Security and Medicare benefits, the President and some in Congress appear ready to do just that through proposals like the Chained CPI, expanding Medicare means testing to the middle class and raising the retirement age.
Max Richtman via NCPSSM.
Will the Chained CPI (Social Security benefit cut) be in the President’s budget again?
Seniors went to Capitol Hill earlier this month to tell Congress why their current #SocialSecurity benefits are inadequate. Boost Social Security Now! https://www.ncpssm.org/campaigns/boost-social-security-now/ @RepJohnLarson