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View Diary: Hell No! Chained CPI will reduce eligability for EITC #noChainedCPI (72 comments)

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  •  Not only will Republicans attack (1+ / 0-)
    Recommended by:
    valadon

    the proposed cuts to social security, they can now truthfully accuse the President of wanting to raise taxes on working class families:

    Chained CPI would also be used to adjust income tax brackets, and since wage growth is higher than Chained CPI many families and individuals would find themselves in a higher income tax bracket.
    So is Obama stupid or evil?
    •  exactly (1+ / 0-)
      Recommended by:
      Potus2020

      he gives them the rallying cry for the next election and beyond. Not to mention it's a lousy policy proposal.

      "In the depth of winter I finally learned that there was in me an invincible summer."- Albert Camus

      by valadon on Mon Apr 08, 2013 at 12:39:38 PM PDT

      [ Parent ]

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