Posted on 11/15/2017 3:10:47 PM PST by C19fan
Tucked into Republicans tax overhaul bill is a technical tweak to how inflation is measured. The change is designed to hold down the deficit, but over time it becomes a significant tax increase that hits many of the same middle-class households who start out as the plans beneficiaries.
(Excerpt) Read more at msn.com ...
Tell me again:
Why did we vote for republicans?
LOL! Prior to this we were complaining the were still ruining the error-prone cpi index!
To do exactly this!
Infation indexing has indeed been false for a long time. To judge by this article, the situation will get worse.
I suppose we should thank you for “sharing” the half-baked views of the DUmmies with us.
The current system overstates “inflation”, as explained in the article.
Over time, this mathematical error gives retirees higher and higher “real” incomes from their “inflation-adjusted” pensions. And who pays for this “gift”? Young (and clueless?) “cube workers”. Of course!
I am not ungrateful for this “gift”, since I see that my winter vacations in the islands are getting more expensive every year.
We all know why Democrats want to keep working Americans down. I don’t know why you choose to push misinformation that helps them...
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