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The Regressive Impact of the Progressive Indexation of Social Security Benefits

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Publication Date: May 2005

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Government (Public services and utilities)

Keywords: Retirement benefits; Privatized systems; Wage index

Type: Report

Coverage: United States

Abstract:

This paper shows that the "progressive" Social Security benefit cuts endorsed by President Bush in April 2005 would actually hit middle-income workers hardest.