The Arc has released a new issue of National Policy Matters, “The Chained CPI Cuts Social Security and SSI: What Disability Advocates Need to Know.” With ongoing Congressional discussions over deficit reduction, The Arc is very concerned about threats to Social Security and Supplemental Security Income (SSI). These lifelines provide essential financial security for millions of Americans, including people with disabilities. The Arc believes that Social Security and SSI should not be part of deficit reduction, and that any changes to these systems must be carefully evaluated in terms of their effects on beneficiaries. This issue of National Policy Matters looks at one major threat to Social Security and SSI, the chained Consumer Price Index (“chained CPI”).
- The chained CPI cuts Social Security and SSI benefits by reducing annual cost of living increases. Cuts add up significantly over time and would disproportionately harm people with disabilities.
- The chained CPI also cuts veterans pensions and certain military and civilian retirement benefits, and would limit eligibility for over 30 vital programs such as Medicaid, Head Start, and the Low-Income Home Energy Assistance Program.
- The public strongly opposes cutting Social Security, including through the chained CPI.
Visit The Arc’s website to read more and download the National Policy Matters.