Everything You Need To Know About Chained CPI, The President’s Stealth Cut To Social Security

President Barack Obama’s budget proposal contains a budget adjustment known as “chained CPI,” a concession to Republicans who want to see entitlement reform in this year’s budget.

Changing the way that the government measures inflation has a major effect on Social Security recipients, taxpayers and people who receive veterans’ benefits.

Here’s why CPI matters:

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Produced by Daniel Goodman