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November 27, 2009

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Letter: Trent Lott’s efforts to change Consumer Price Index will benefit the wealthy

Monday, May 5, 1997 | 11:59 a.m.

Lott wants the president to support a change in the way of assigning the consumer price index for programs such as Social Security and other federal benefits.

Such a change is nothing more than making COLA recipients, who are mostly the nonrich, pay for the GOP-led fight for capital gains and estate tax cuts, which benefit mostly the rich. The purpose is to prevent the rich from paying for the deficit, which we must not forget was created through the Reagan tax programs. This issue goes to the heat of the budget-balancing negotiations.

Orville H. Goplen

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