H.R. 2032 REP. PETER DEFAZIO’S CONSUMER PRICE INDEX FOR ELDERLY CONSUMERS LEGISLATION

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H.R. 2032 REP. PETER DEFAZIO’S CONSUMER PRICE INDEX FOR ELDERLY CONSUMERS LEGISLATION

A second bill requiring the use of a consumer price index for elderly consumers has been introduced by Rep. Peter DeFazio (OR-4). This bill, like H.R. 1953, would require the CPI-E be used to determine the cost of living adjustment for Social Security benefits. However, it also applies the CPI-E to Medicare benefits. This bill is identical to one introduced in the 109th Congress by then Rep. Bernie Sanders. CPI-E legislation has traditionally had strong support in the House of Representatives.

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April 2007