,,iii  #aac? ,,congress  #a/ ,session   
,s4 ,,con4 ,,res4 #ae  ,,9 ,,! ,,s5ate  
,,( ,,! ,,unit$ ,,/ates  ,april #bd1    
#bjac ,mr4 ,h>k9 7= himself1 ,mr4       
,:iteh\se1 ,mr4 ,s&]s1 ,ms4 ,w>r51 ,ms4 
,mikulski1 ,mr4 ,br[n1 ,mr4 ,laut5b]g1  
,mr4 ,frank51 ,mrs4 ,gillibr&1 ,ms4     
,hirono1 ,mrs4 ,hagan1 ,mr4 ,s*atz1 ,mr4
 ,m]kley1 ,mr4 ,re$1 & ,mr4 ,begi*7     
submitt$ ! foll[+ concurr5t resolution2 
:i* 0 ref]r$ to ! ,committee on ,f9ance 
,,concurr5t ,,resolution  ,express+ !   
s5se ( ,congress t ! ,*a9$ ,consum]     
,price ,index %\ld n be us$ to calculate
 co/-(-liv+ adju/m5ts = ,social         
,security or vet]ans b5efits1 or to     
increase ! tax burd5 on l[- &           
middle-income taxpay]s4  ,:]eas !       
,social ,security program 0 e/abli%$ m  
?an #gg ye>s be=e ! date ( agreem5t to  
?is resolution & has provid$ economic   
security to g5]ations ( ,am]icans ?r\gh 
b5efits e>n$ bas$ on contributions made 
ov] ! lifetime ( ! work]2 ,:]eas !      
,social ,security program cont9ues to   

provide mode/ b5efits1 av]ag+           
approximately #a1aef p] mon?1 to m ?an  
#eg1jjj1jjj individuals1 includ+        
#cg1jjj1jjj retir$ work]s 9 ,m>* #bjac2 
,:]eas ! ,social ,security program has  
no borr[+ au?ority1 has accumulat$      
assets ( #b1gjj1jjj1jjj1jjj1 &1 !re=e1  
does n contribute to ! ,f$]al budget    
deficit2 ,:]eas ! ,bo>d ( ,tru/ees ( !  
,f$]al ,old-,age & ,survivors ,insurance
 ,tru/ ,fund projects t ! ,tru/ ,fund c 
pay full b5efits ?r\gh #bjcb2 ,:]eas !  
,social ,security program is design$ to 
ensure t b5efits keep pace ) inflation  
?r\gh co/-(-liv+ adju/m5ts 7ref]r$ to 9 
?is preamble z ,c,o,l,as7 t are bas$ ^u 
! measur$ *anges 9 prices ( goods &     
s]vices pur*as$ by consum]s t is        
curr5tly publi%$ by ! ,bureau ( ,labor  
,/ati/ics z ! ,consum] ,price ,index =  
,urban ,wage ,e>n]s & ,cl]ical ,work]s  
7,,cpi-,w72 ,:]eas ! ,bureau ( ,labor   
,/ati/ics publi%es a supplem5tal measure
 ( inflation1 ! ,*a9$ ,consum] ,price   
,index = all ,urban ,consum]s           

7,c-,,cpi-,u71 or ,*a9$ ,,cpi1 :i*      
adju/s = project$ *anges 9 consum]      
behavior result+ f price fluctuations   
kn[n z ! sub/itution effect2 ,:]eas !   
sub/itution effect occurs :5 consum]s   
buy m goods & s]vices ) prices t are    
ris+ sl[] ?an av]age & few] goods &     
s]vices ) prices t are ris+ fa/] ?an    
av]age2 ,:]eas /udies indicate t typical
 ,social ,security b5efici>ies sp5d a   
significantly high] p]c5tage ( _! budget
 ?an o!r consum]s on heal? c>e1 heal?   
c>e prices h increas$ at high] ?an      
av]age rates1 & consum]s1 includ+       
s5iors1 may n be able to sub/itute heal?
 c>e easily2 ,:]eas ! curr5t ,c,o,l,as1 
bas$ on ! ,,cpi-,w1 fail to reflect t   
,social ,security b5efici>ies sp5d m (  
_! income proportionally on exp5ses su* 
z heal? c>e z comp>$ to a regul> wage   
e>n]1 & !re=e und]e/imate increases 9 ! 
co/ ( liv+ ( ,social ,security          
b5efici>ies2 ,:]eas ! ,congressional    
,budget ,(fice has e/imat$ t us+ ! ,*a9$
 ,,cpi to calculate ,social ,security   

,c,o,l,as w\ld r$uce ,social ,security  
b5efits by #j4be p]c5t p] ye>1 result+ 9
 a r$uction 9 outlays ( #abg1jjj1jjj1jjj
 ov] ! fir/ decade2 ,:]eas r$uctions 9  
,social ,security b5efits f us+ ! ,*a9$ 
,,cpi to calculate ,social ,security    
,c,o,l,as w\ld cont9ue to comp\nd ov]   
"t1 & ! ,,a>p ,public ,policy ,in/itute 
e/imates t ! r$uctions w\ld gr[ to #c   
p]c5t aft] #aj ye>s & #h4e p]c5t aft]   
#cj ye>s2 ,:]eas ,social ,security      
,works e/imates t us+ ! ,*a9$ ,,cpi to  
calculate ,social ,security ,c,o,l,as   
w\ld r$uce annual ,social ,security     
b5efits ( ! av]age e>n] by #feh at age  
#ge1 #a1adg at age #he1 & #a1fbb at age 
#ie2 ,:]eas r$uctions 9 ,social         
,security b5efits w\ld h>m "s ( ! mo/   
vuln]able populations 9 ! ,unit$ ,/ates2
 ,:]eas adopt+ ! ,*a9$ ,,cpi w\ld cause 
tax brackets & ! /&>d d$uction to rise m
 sl[ly1 disproportionately rais+ ! tax  
burd5 on l[- & middle-income taxpay]s2  
,:]eas ! ,dep>tm5t ( ,vet]ans ,affairs  
provides m ?an #c1bjj1jjj vet]ans )     

disability comp5sation b5efits z a      
result ( injuries or illnesses su/a9$   
dur+1 or z a result (1 milit>y s]vice2  
,:]eas ,social ,security ,works e/imates
 t us+ ! ,*a9$ ,,cpi to calculate       
vet]ans disability ,c,o,l,as w\ld r$uce 
b5efits = #ajj-p]c5t-disabl$ vet]ans :o 
/>t$ receiv+ b5efits at age #cj by      
#a1dbe at age #de1 #b1cda at age #ee1 & 
#c1bca at age #fe2 & ,:]eas adopt+ !    
,*a9$ ,,cpi w\ld also cut ! b5efits ( m 
?an #cej1jjj surviv+ sp\ses & *ildr5 :o 
h lo/ a lov$ "o 9 battle by cutt+       
,dep5d5cy ,indemnity ,comp5sation       
b5efits t av]age less ?an #ag1jjj p]    
ye>3 ,n[1 !re=e1 be x  ,t x is ! s5se ( 
,congress t ! ,*a9$ ,consum] ,price     
,index %\ld n be us$--  7#a7 to         
calculate co/ ( liv+ adju/m5ts = ,social
 ,security b5efits or b5efits = disabl$ 
vet]ans & _! survivors2 or  7#b7 to     
increase ! tax burd5 on l[- &           
middle-income taxpay]s4