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Today in Labor History

Feb. 12, 1818: Abolitionist Frederick Douglass born into slavery near Easton, Md.

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Workers at California Flour Plant Join Teamsters Local 166
Listen to Teamster Nation News for Feb. 10-16
Treasury Department Announces Kansas City, Mo. Public Session for Feedback on CSPF Rescue Plan
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Stringer Truck Training For Pipeline Projects In South Dakota
BLET Petitions FRA To Halt LEADER, Trip Optimizer Technology
Phoenix Teamsters Extend Unfair Labor Practice Strike to Southern California
Hall: 'Our Fight in West Virginia Is Not Over'
Contra Costa County Workers Join Teamsters Union
 
     
Beware The 'Chained' CPI
Posted On: Dec 18, 2012

Dec. 18, 2012 | The chained CPI is a cut in Social Security Benefits and a "stealth" tax hike. As Republicans in Congress take a hard line in the sand against higher tax rates for millionaires and billionaires, they are demanding a Social Security benefit cut through a lower Cost of Living Adjustment (COLAs). The lower COLA would result from the adoption of a new formula for calculating COLAs called "Chained CPI." What is that and what will it mean for working people, especially middle-and lower-income families? Learn about it here. View explanatory graphic here.


 
 
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