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View Diary: The middle-class tax hike Republicans are arguing for (47 comments)

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  •  Do remember as well that the CPI, chained or not, (7+ / 0-)

    also pushes SS receiving seniors into brackets where they pay income tax on percentages of their SS benefits, even if the only income they have is SS. The effect of that is to wipe out the benefit of SS CPI above a level determined by pols in 1984, so that seniors either stay below that amount or lose the benefit of CPIs at all because the income tax they have to pay after awhile takes away all that in taxes. And they fall still farther behind.

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