Earlier today, House Speaker Nancy Pelosi (D-CA) said she would support
President Obama’s proposed Social Security benefit cuts — even arguing
that using the “chained CPI” would not be a benefit cut after previously
telling President Obama “that House Democrats will not vote for any
trims to future benefits in Medicare or Social Security, even a tweak to
the cost-of-living index,” according to her hometown paper.
A defiant Congressional Progressive Caucus — which has 75 Members in the House — pushed back, releasing a statement declaring:
Click here to call your Member of Congress and demand that they oppose this bad deal.Members of the Congressional Progressive Caucus (CPC) are standing up against a proposal to cut Social Security benefits by changing the way we calculate inflation…Tying Social Security to chained CPI is a benefit cut and members of the CPC will not vote for a deal that cuts the benefits that millions of Americans rely on...
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