President’s 2015 Budget Request to be released next week; Chained CPI not expected to be included

The Office of Management and Budget (OMB) announced that the President’s budget request would be released on March 4 with a more detailed version to come the following week.   According to press accounts, the President’s budget will stick to the discretionary spending caps set by the budget agreement Congress passed last year, but will not include shifting to the “chained consumer price index” for cost-of-living adjustments under Social Security and other programs.  The Arc strongly opposes use of the chained CPI for Social Security, Supplemental Security Income and other programs because it reduces the annual cost of living increase and results in cuts in benefits for low income individuals and people with disabilities.

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