Obama's spending reduction proposal counts $290 billion in interest among spending reductions, and does not count an estimated $90 billion in increases in revenue from cost of living adjustments
, hence the different numbers.
Therefore, the IRS held, the series of payments provided under Option X do not vary on account of cost of living adjustments
, and thus, payments made under the Contracts pursuant to Option X are not "substantially equal periodic payments" within the meaning of Section 72(q)(2)(D).
Despite annual Social Security cost of living adjustments
, Colorado's personal needs allowance last increased 12 years ago.
An expert commission on the seemingly arcane matter of cost of living adjustments
issued a report late last year concluding that government statistics exaggerate increases in overall consumer prices.
At the time, the annual Cost of Living Adjustments had broad bipartisan support.
Unfair because Cost of Living Adjustments insulate certain groups (those who get them) from the effects of inflation, while leaving others (those who don't) to bear its brunt.
Benefit cuts - most likely in terms of higher retirement ages, lower cost of living adjustments, and more benefits taxation - are inevitable.
And it should consider reducing cost of living adjustments and/or implementing a gradual phase-in of lower replacement ratios.
During an extensive community budget process, our citizens affirmed that Pay for Performance, not automatic cost of living adjustments
, was the appropriate way to compensate high achieving employees.
This is indexed for cost of living adjustments
in $5,000 increments.
This bill would require Social Security to use the Consumer Price Index for the Elderly (CPI-E) to calculate a fairer cost of living adjustment