Tag: price index
In light of the recent announcement of a 5.9% cost-of-living adjustment (COLA) for Social Security benefits in 2022, a reporter asked what the number would have been based on the often- advocated CPI-E – the experimental index for the elderly. My trusted sidekick – Patrick Hubbard – came back with 4.8%. I sighed with disappointment,…
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 the past for indexing Social Security benefits after retirement, where t…
