Yesterday, Ways and Means Subcommittee on Social Security Chairman Sam Johnson (R-TX) introduced H.R. 1502, “The Social Security Disability Insurance and Unemployment Benefits Double Dip Elimination Act of 2013.” The legislation would keep people from receiving both Social Security disability benefits and unemployment benefits at the same time. A similar proposal was included in the President’s FY2014 budget with estimated savings of $1 billion over 10 years.In addition, the National Committee to Preserve Social Security and Medicare is reporting that the House Social Security Subcommittee has introduced legislation to switch Social Security to the Chained CPI method of computing the Cost of Living Adjustment (COLA). There is a press release from the Chairman of the Ways and Means Committee obliquely suggesting that this is under consideration. The word "bipartisan" is used over and over in this press release but the term "Chained CPI" is never mentioned.
Jul 12, 2013
Unemployment And Social Security Disability; Also, What Are The Chances Of Chained CPI Being Adopted If The Chairman Of The House Ways And Means Committee Is Afraid To Even Use The Term "Chained CPI"?
From a press release issued by the Chairman of the House Social Security Subcommittee: