WASHINGTON, D.C. – Today, Congresswoman Cheri Bustos (IL-17) released the following statement applauding President Obama’s decision to not include Social Security benefit cuts in his Fiscal Year 2016 Budget proposal. Last month, Bustos sent a letter urging the President to stand with seniors and middle class families and reject the chained Consumer Price Index (CPI) in his budget proposal.
“This year, we will celebrate the 80th anniversary of Social Security, the greatest anti-poverty program in American history,” Bustos said. “A reduction in earned benefits would have a serious impact on seniors’ ability to afford basic necessities. Those who have worked hard their entire lives and played by the rules deserve a strong and fair Social Security benefit program to be there for them. That is why I am pleased that President Obama heard my concerns and will not be including cuts to Social Security in his budget proposal.”
In her letter, Bustos called on the President to avoid using the chained consumer price index to calculate cost-of-living adjustments (COLA) for Social Security and other federal programs. Using this chained CPI to calculate cost-of-living adjustments to Social Security would reduce benefits on which middle class seniors and their families rely.
Last year, Bustos, a steadfast and constant advocate for middle class families and seniors, led a coalition of other Members in sending a similar letter that was successful in urging the President to reject chained CPI in his Fiscal Year 2015 Budget proposal. In 2013, she introduced a resolution opposing its inclusion in his budget for Fiscal Year 2014.