Rep. Hank Johnson's statement on reports that President Obama’s budget includes “chained CPI”

WASHINGTON, D.C. – Congressman Hank Johnson (GA-04) remains steadfastly opposed to benefit cuts to Medicaid, Medicare, and Social Security. Using the chained CPI to reduce cost of living adjustments is a benefit cut that middle-class Americans cannot afford.

“I remain opposed to chained CPI, which no matter how you phrase it, is a cut to Social Security benefits. The American people have earned their Social Security. Chained CPI will cut retiree benefits by $650 a year when they are 75, and over $1,100 a year when they reach age 85. Social Security is solvent through 2047 – there are other ways we can shore up this critical program without cutting benefits that protect our seniors.”

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