What Would Be the Effect on the Deficit of Using the Chained

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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?
CBO estimates that using the chained CPI governmentwide starting in 2014 would reduce the deficit by $340 billion over ten years by lowering benefits for Social Security and other federal programs and by increasing revenues.

http://cbo.gov/publication/44089

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