Sentences with phrase «as the chained cpi»

Lawmakers have been calling for Social Security to base its cost of living adjustments on changes in what's known as the chained CPI.

The bill also adjusts tax bracket thresholds using a slower - growing inflation measure (known as chained CPI) than the one used currently.

Not exact matches

However, a significant tax increase — the use of a slower - growing inflation index, chained CPI, to adjust tax brackets — remains, as do corporate tax cuts.

As Matthews explains, the thresholds for individual tax brackets are adjusted according to chained CPI, a lower measure of inflation than standard CPI, which is used currently.

While the Legislature continues to be woefully behind on providing funding to keep up with rising costs across the last decade, HB7055, in a sudden show of largesse, will alter the PECO funding structure so that well over 3,000 traditional schools must split $ 50 million dollars while 650 charter schools, many of which are managed by for - profit companies such as Academica, Charter Schools USA, and Charter School Associates, will receive over $ 120 million and in future years will be chained to CPI (why has not all education funding handled this way?).

The notable exception is the change to the Chained CPI as a means to calculate inflation.

The combination of the temporary nature of the tax cuts and the permanent switch to the Chained CPI is expected to have the eventual effect of higher taxes on the middle class as compared to current tax law.

As a result, the chained CPI rises at a lower slower rate than the CPI - W.

The Congressional Budget Office had estimated that a shift to the chained CPI could lower deficits by as much as $ 233 billion over ten years.