31 Jan '13, 8pm

Today, @TomTarantino stood w/ @SenSanders to oppose living allowance cuts. (vid) #COLA #chainedCPI

Iraq and Afghanistan Veterans of America (IAVA) stood with Sen. Bernie Sanders at a press conference Wednesday in Washington to oppose calculating the military Cost of Living Allowances (COLA) with the “Chained” Consumer Price Index (CPI). Significant benefit cuts would occur to millions of veterans receiving Department of Veterans Affairs Disability Compensation, Social Security and pension benefits if the “Chained” CPI is used to calculate veterans annual COLA. “Chained” CPI assumes that, as a result of the economic downturn, consumers are substituting cheaper products for the ones they used to buy. This understates the true cost of living and is a benefit cut. Watch Senator Sanders, IAVA's Chief Policy Officer Tom Tarantino and other veterans at the press conference: Tom Tarantino was featured in a Washington Post and AP article about the press conference.

Full article: http://iava.org/blog/veterans-stand-senator-sanders-oppos...

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