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View Diary: Chained CPI is a Cut. You Either Care About People or You Don't. (365 comments)

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  •  They are modest only if you have wealth (18+ / 0-)

    If you have modest savings they are draconian.  

    This is a wealth transfer bill.  This bill is as class driven as anything dreamed up by Club for Growth.

    This bill allows upper income people with incomes that earn them a $1M in in 4 or 2 1/2 years to accumulate wealth for their retirement years.

    It then penalizes those in the service worker class who have lost pensions, who have to pay for their own healthcare, who have a very difficult time accumulating savings throughout their working years by cutting their Social Security benefits.

    It is a big lie bill.  This is not a middle class tax cut bill because it includes people who are so far above the median they'd be shocked if they knew what the median is.  But it will be people who never earned even the median income who will have their retirement income slashed by this bill.

    At least the Republicans tell you they are going to screw you.  This is designed to cheat you in secret.  The calculation is insidious and not easy to understand. Putting it in a bill that may be passed while people are celebrating the holidays means people won't even know it was passed.

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