Wednesday, December 19, 2012
Obama Proposes Lower Cost-Of-Living Increases In Fiscal Cliff Negotiations
President Barack Obama is proposing lower cost-of-living increases for Social Security beneficiaries, employing an inflation index that would have far-reaching consequences, including pushing more people into higher income tax brackets. Obama made these concessions in his negotiations with House Speaker John Boehner as part of an effort to avoid automatic across-the-board tax hikes for nearly all wage-earners as well as spending cuts at the Pentagon.
at 12/19/2012 08:15:00 AM