Posts Tagged ‘consumer price index’

What Adjusting the Price Index Would Mean for Taxpayers

President Obama and House Speaker John Boehner may be close to agreeing on a plan that, among other things, would revise the way government programs are adjusted for inflation. Most attention is focused on what this means for Social Security recipients. But the Tax Policy Center estimates that changing the cost-of-living measure would also result […]

Should Congress Cut the Deficit By Changing the Way it Indexes Taxes for Inflation?

Should Congress use a new measure of inflation to index the tax code? It sounds awfully technical—and it is—but shifting to what most economists believe is a more accurate measure of inflation would gradually raise a substantial amount of new revenue for politicians scrambling to find ways to cut the deficit. The idea has surfaced […]