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Details of President Obama’s budget released ahead of its expected Wednesday debut troubled members of his own party.
Friday, the Congressional Progressive Caucus released a press statement arguing against the White House’s plan to link Social Security cost-of-living benefit increases to chained CPI, a new index that relies on a different basket of goods than the current structure as a measure of inflation.
“One hundred seven Members of the House of Representatives, a majority of the Democratic Caucus, have already stated our vigorous opposition to cutting Social Security, Medicare, or Medicaid benefits…Using chained CPI will shift more costs onto already struggling American families, seniors, veterans— including our 3.2 million disabled veterans who also depend on the Social Security calculation for their Veterans Affairs benefits—individuals with disabilities, and children on survivors’ benefits.”









