Congresswoman Barbara Lee is opposing cuts to Social Security, called the chained CPI, that are included in the president’s 2014 budget proposal.
The chained CPI is a cost index which helps to calculate the cost of living adjustments for benefit levels. The result is a lower measure of the impact of inflation on the cost of living for the average consumer, resulting in a lower benefit over time.
“Chained CPI is a benefit cut, plain and simple,” said Lee. “At a time when our economy is still recovering from the recession, we need to strengthen Social Security, not cut it. I fundamentally oppose any proposal that cuts Social Security, Medicare, or Medicaid benefits.
“Chained CPI harms those who can least afford it: the elderly, communities of color, the poor, and women. This cut is not who we are as Americans. For people who have been working all their lives to have the rules changed in the middle of the game isn’t fair, and it isn’t just.”