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November 27, 2014

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Today in Labor History
Nov. 26, 1910:Six young women burn to death and 19 more die when they leap from the fourth-story windows of a blazing factory in Newark, N.J. The floors and stairs were wooden; the only door from which the women could flee was locked.
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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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