Senate says No to Chained CPI
Sen. Bernie Sanders authored an amendment to the Senate budget which passed on Saturday, March 23. Sen. Sanders amendment, which passed unanimously, opposed switching to the chained CPI in calculating Social Security benefits. The amendment is included in the final budget which passed the Senate. In a statement released after the vote, Sanders stressed that the Senate is clearly opposed to chained CPI and will oppose any bill that includes it. If implemented, chained CPI would cut Social Security benefits for 55 million Americans, including retirees, disabled veterans, and the surviving spouses and children of veterans.