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Peters Statement on President Obama's Decision to Drop Chained CPI Proposal from 2015 Budget


Location: Washington, DC

Today, U.S. Rep. Gary Peters released the following statement in response to the White House announcement that President Obama will not be including Chained CPI (Consumer Price Index) in his 2015 budget proposal:

"Seniors in Michigan and across the country deserve to retire with dignity. They have worked their entire lives, paid into Social Security and have earned their guaranteed benefits. I have opposed using a chained CPI to calculate these benefits because this proposal would result in a difficult cut for our nation's seniors. Social Security is the most effective anti-poverty program in our nation's history and a vital program that we must protect and fight to strengthen.

"We must work together to continue reducing our deficits in a balanced, responsible way, but we can't balance our budget on the backs of seniors."

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