Bernie Sanders: "Say No to the Chained CPI"

[LongTomH]

From The Hill Blog: Chained CPI: An economic, moral disaster. Sen. Sanders does a wonderful job of framing this as a moral issue:

Wall Street billionaires and other supporters claim that changing the consumer price index is a “minor tweak.” Tell that to the millions of senior citizens trying to survive on just $14,000 a year whose Social Security benefits would be cut overall by $112 billion during the next decade.

............//snip

I challenge anyone who supports a chained CPI to go to Walter Reed. Visit with the men and women who have lost their legs, lost their arms or lost their eyesight as a result of their service in Afghanistan or Iraq. We made a promise to these veterans. Cutting their cost-of-living adjustments would be reneging on those promises.

Adding insult to injury, the chained CPI also would amount to an across-the-board tax increase on working families.

According to the Joint Committee on Taxation, switching to a chained CPI would increase taxes by more than $59 billion over the next decade.

More than three-quarters of the new revenue raised by the year 2021 would come from Americans making less than $200,000 a year. Those making between $30,000 and $40,000 would be hit the hardest, while those making more than $1 million would see virtually no change. What about President Obama’s promise that there would be no income tax increases for people making less than $250,000 a year?

Here is the great Senator Bernie Sanders testifying before Congress on these issues:

[JustAnotherGen]

1. n/s

Bernie - don't ever change!

[forestpath]

2. K&R

[G_j]

3. Bernie says this a PIVOTAL moment in history

we must oppose this loudly!!!

[OKNancy]

4. It's a moot point. The Republicans rejected the budget

Still love Bernie though!

[woo me with science]

5. No, it's not. It's still important to be loud.

This keeps coming back like cancer.

[LongTomH]

7. Agreed! The GOP will keep asking for major entitlement cuts

...and Third Way Democrats will keep offering this as a "compromise."

[woo me with science]

6. K&R

[snagglepuss]

8. k& R