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What Would Be the Effect on the Deficit of Using the Chained CPI to Index Benefit Programs and the Tax Code?
Congressional Budget Office [CBO]
Apr. 18, 2013 "CBO and the staff of the Joint Committee on Taxation estimate that switching to the chained CPI-U on a governmentwide basis starting in calendar year 2014 would reduce the deficit by a total of $340 billion over the next 10 years. Such a change would decrease federal spending on mandatory programs (direct spending) by $216 billion and increase federal revenues by $124 billion over the fiscal year 2014-2023 period." MORE >> |
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