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CPI Unchained

The sneaky plan to cut Social Security and raise taxes by changing how inflation is calculated.

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Correction, Dec. 10, 2012: This article originally said that Social Security benefits are indexed to the Consumer Price Index for All Urban Consumers (CPI-U) rather than the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).(Return to the corrected sentence.)

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Matthew Yglesias is Slate's business and economics correspondent. Before joining the magazine he worked for ThinkProgress, the Atlantic, TPM Media, and the American Prospect. His first book, Heads in the Sand, was published in 2008. His second, The Rent Is Too Damn High, was published in March.