Tag: chained cpi
But it shouldn’t be used as a precedent for Social Security. Both the House and Senate tax cut proposals change the measure of inflation used to adjust the income thresholds in the tax schedule. This shift to a “chained” consumer price index (CPI), which makes sense on the tax side, has also been proposed in…
This annual adjustment always raises the question of what’s the right price index. The Social Security Administration recently announced that in 2017 beneficiaries will receive a cost-of-living adjustment of 0.3 percent, after having received no increase for inflation in 2016. Automatic indexing is generally viewed as a positive feature of social security systems, bot…
