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May 04, 2016

On This Day in 1886:
Haymarket massacre. A bomb is thrown as Chicago police start to break up a rally for strikers at the McCormick Harvesting Machine Co. A riot erupts, 11 police and strikers die, mostly from gunfire, and scores more are injured.

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Labor Headlines

US labour news headlines from LabourStart

Beware The 'Chained' CPI
Updated 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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