Tax Policy Center

chained CPI

Campaigns, Proposals, and Reforms: TaxVox
The revenue proposals included in President Obama’s 2014 budget would, as intended, significantly raise taxes on the highest-income American households. However, despite Obama’s long-standing pledge to protect individuals making below $200,000 (and couples making $250,000 or less) from any tax
April 22, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
President Obama’s budget identifies a group of policies as a $1.8 trillion deficit reduction proposal. I found the budget presentation of this proposal somewhat confusing; in particular, it is difficult to see how much deficit reduction the president wants to do through spending cuts versus revenue
April 12, 2013Donald Marron
Individual Taxes: TaxVox
The White House has put out the word that President Obama’s budget will propose changing the way government adjusts benefits for Social Security and other programs (as well as the income tax). Liberal Social Security advocates are furious . By shifting to a measure called the chained Consumer Price
April 9, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
Changing the way government adjusts spending and taxes for inflation is one of those issues that continues to hang around the edges of the budget debate. Republicans and many economists argue for shifting to a more accurate inflation measure, called the chained Consumer Price Index (CPI). President
March 5, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
President Obama and House Speaker John Boehner may be close to agreeing on a plan that, among other things, would revise the way government programs are adjusted for inflation. Most attention is focused on what this means for Social Security recipients . But the Tax Policy Center estimates that
December 18, 2012Howard Gleckman
Federal Budget and Economy: TaxVox
Should Congress use a new measure of inflation to index the tax code? It sounds awfully technical—and it is—but shifting to what most economists believe is a more accurate measure of inflation would gradually raise a substantial amount of new revenue for politicians scrambling to find ways to cut
July 7, 2011Howard Gleckman