Titus Applauds Exclusion of Chained CPI from the President’s FY 2015 Budget Blueprint

Feb 20, 2014
Press Release

February 20, 2014

Las Vegas, NV – Congresswoman Dina Titus released the following statement in response to today’s announcement from the White House that the President’s Fiscal Year 2015 budget blueprint will not include “Chained CPI,” a method of calculating the annual cost-of-living increase for Social Security recipients that would, over time, result in significant benefit cuts for Nevada’s seniors, veterans, and disabled citizens. Earlier this week, Representative Titus joined 117 Members of Congress in sending a letter urging the President to rule out the use of the Chained CPI in his budget blueprint.   
 
“I am very pleased to see that President Obama has heeded the voices of millions of Americans and agreed to protect Social Security from unnecessary benefit cuts,” said Representative Titus. “Social Security has arguably been the most powerful social program in our country’s history, dramatically reducing poverty among seniors, including 94,000 in Nevada.  It has protected children, veterans, and working class families. Reducing benefits through the chained CPI would undermine this incredible success.”