Here is another reason Republicans are sadly our best hope for protecting Social Security. The powerful conservative group Americans For Tax Reform, founded by Grover Norquist, called chained-CPI a middle class tax increase. Supporting it would be a violation of the tax pledge most Congressional Republicans have signed. From Americans For Tax Reform: On the [...]
|By: Jon Walker Wednesday April 10, 2013 9:45 am|
|By: Jon Walker Wednesday April 10, 2013 6:52 am|
President Obama’s proposed switch to chained-CPI is primarily a Social Security benefit cut and a middle class tax increase. Most importantly, it also an elaborate con. It is a con on the American people that Obama feels the media will allow and/or help him pull off. It is not a technical improvement. I’ve heard very [...]
|By: Jon Walker Tuesday February 26, 2013 10:11 am|
Currently Obama has gotten the political upper hand in the sequester fight by blaming the Republicans for the lack of willingness to compromise. Fortunately for Obama, much of the decision about the sequester has been focused on the possible impact of the cuts, who is to blame, and the lack of negotiation. Lucky for the [...]
|By: Jon Walker Wednesday December 19, 2012 7:31 am|
Even before Obama’s second term begins, he has rushed to break this campaign promise. Obama has pushed for a deficit deal that includes a switch to chained-CPI. Switching to a lower inflation measure would not only cut Social Security benefits, it would end up being a significant tax increase on the middle class by causing tax brackets to raise more slowly. While the tax increase would be very small at first, over the next decade it would mean the middle class will pay ten of billions more in taxes.