S.Con.Res. 15Senate113th Congress (2013-2015)In Committee

A concurrent resolution expressing the sense of Congress that the Chained Consumer Price Index should not be used to calculate cost-of-living adjustments for Social Security or veterans benefits, or to increase the tax burden on low- and middle-income taxpayers.

Sponsored by Tom HarkinSen. Tom Harkin (D-IA)
Introduced April 24, 2013

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Referred to the Committee on Finance. (text of measure as introduced: CR S2967)

April 24, 2013

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SenateIntro Referral

Introduced in Senate

April 24, 2013

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S2967-2969)

April 24, 2013

SenateIntro Referral

Referred to the Committee on Finance. (text of measure as introduced: CR S2967)

April 24, 2013

Floor Debate

22 members

What members said about S.Con.Res. 15 on the floor

10 Republicans10 Democrats2 Independents
Ron Wyden
Sen. Ron WydenD-OR · Apr 24, 2013

Reserving the right to object. Mr. President, I do this to have a colloquy with my friend from Arkansas. I want him to understand that I have stayed off the floor of this body for well over 1 day for…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Apr 24, 2013

Madam President, let me congratulate my colleague from my neighboring State of Indiana, Senator Donnelly, on his first speech on the floor of the Senate. I can tell you, as a downstater in Illinois,…

Roger F. Wicker
Sen. Roger F. WickerR-MS · Dec 11, 2013

Mr. President, we are now on Calendar No. 349, Susan P. Watters of Montana to be U.S. district judge for the District of Montana. I note on the Executive Calendar this nomination came before the…

Michael B. Enzi
Sen. Michael B. EnziR-WY · Apr 24, 2013

Mr. President, I want to congratulate the Senator from Maine on his speech. It was a tremendous history lesson. I have enjoyed getting to know him a little bit since he got here. I had quite an…

Angus S. King Jr.
Sen. Angus S. King Jr.I-ME · Apr 24, 2013

Mr. President, I ask unanimous consent to speak in morning business for 20 minutes. Mr. President, I rise today with some humility because I rise in the footsteps of one of Maine's greatest Senators,…

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Sheldon Whitehouse
Sen. Sheldon WhitehouseD-RI · Apr 24, 2013

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, I don't think it will take this long, but I ask unanimous consent to speak as in morning…

Saxby Chambliss
Sen. Saxby ChamblissR-GA · Dec 11, 2013

Would the Senator yield? I know the Senator from Mississippi was on Active Duty in the Air Force for several years and has stayed in contact with many members of the military not just as a result of…

Lamar Alexander
Sen. Lamar AlexanderR-TN · Apr 24, 2013

I thank the Senators from Illinois and Wyoming for their comments. Basically, the Senator from Illinois has said the bill is ready to be amended. It is here for that purpose. We encourage our…

Bernard Sanders
Sen. Bernard SandersI-VT · Apr 24, 2013

Mr. President, I also agree we should not invade Canada. I live right near there. It would be terrible. What we are hearing and what we have heard now for a number of months is a discussion about…

Tom Harkin
Sen. Tom HarkinD-IA · Apr 24, 2013

Mr. President, I come to the floor today along with my colleague from Vermont to introduce a concurrent resolution expressing the sense of Congress that the so-called chained CPI should not be used…

Jeff Merkley
Sen. Jeff MerkleyD-OR · Apr 24, 2013

Mr. President, how much time remains? Mr. President, I compliment the senior Senator from Oregon who has come to this floor and very clearly laid out what is felt in the heart of Oregonians across…

Jeff Sessions
Sen. Jeff SessionsR-AL · Apr 24, 2013

I ask unanimous consent that the order for the quorum call be rescinded. I would further ask unanimous consent that I be allowed to speak as in morning business. Mr. President, we have had a…

Joe Donnelly
Sen. Joe DonnellyD-IN · Apr 24, 2013

Madam President, one of the best parts about this job is getting the chance to talk to Hoosiers here in Washington, back home in Indiana, and, on those special occasions, a chance to see our Hoosiers…

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Patrick J. Toomey
Sen. Patrick J. ToomeyR-PA · Apr 24, 2013

Mr. President, I want to thank the Senator from Oklahoma for his leadership and work, and say a few words, and then I am going to make a unanimous consent request in this regard--but first a little…

Bernard Sanders
Sen. Bernard SandersI-VT · Apr 24, 2013

I want to thank my colleague Senator Harkin not only for his fight for seniors and disabled vets on this issue but for his long career in fighting for those people who often do not have a voice here…

John Cornyn
Sen. John CornynR-TX · Apr 24, 2013

Mr. President, amid complaints from the White House about the FAA furloughs, we need to keep at least one thing in mind: The sequester was President Obama's idea in the first place. His…

Sherrod Brown
Sen. Sherrod BrownD-OH · Apr 24, 2013

Mr. President, I thank Senator Enzi, the senior Senator from Wyoming, for his good work on this legislation and for his always courteous demeanor. Mr. President, I ask unanimous consent to speak as…

Max Baucus
Sen. Max BaucusD-MT · Apr 24, 2013

Mr. President, I would like to say a few words about the pending bill before us. This bill will hurt small businesses not just in Montana, New Hampshire, and Oregon--non-sales tax States--but all…

Bob Corker
Sen. Bob CorkerR-TN · Apr 24, 2013

I wish to thank the Senator from Wyoming for his outstanding leadership on this issue. I know it is something he has worked on for a long time, and finally we have it on the floor for debate. I am a…

Mark L. Pryor
Sen. Mark L. PryorD-AR · Apr 24, 2013

I wish to talk about amendment No. 740, which is an amendment I am offering with the Senator from Missouri, Mr. Blunt. We understand there will be an objection to this. I will not ask unanimous…

James M. Inhofe
Sen. James M. InhofeR-OK · Apr 24, 2013

I ask that at the conclusion of the remarks by the Senators from Arkansas and Missouri, that I be recognized as if in morning business. Mr. President, point of order. Mr. President, by unanimous…

Roy Blunt
Sen. Roy BluntR-MO · Apr 24, 2013

Let me quickly yield to my friend from Oklahoma for a unanimous consent request. As my good friend from Arkansas said and for the benefit of the Senator from Oregon, we haven't made a request yet for…

Harry Reid
Sen. Harry ReidD-NV · Apr 24, 2013

Madam President, on behalf of Senators Enzi, Durbin, and others, I have an amendment at the desk and I ask the clerk to report. I have a cloture motion at the desk. I ask unanimous consent that the…

John Cornyn
Sen. John CornynR-TX · Dec 11, 2013

The following Senators are necessarily absent: the Senator from South Carolina (Mr. Graham), the Senator from Oklahoma (Mr. Inhofe), and the Senator from Illinois (Mr. Kirk).

Bill Text

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Introduced in SenateIssued April 24, 2013

III

113th CONGRESS

1st Session

S. CON. RES. 15

IN THE SENATE OF THE UNITED STATES

April 24, 2013

Mr. Harkin (for himself, Mr. Whitehouse, Mr. Sanders, Ms. Warren, Ms. Mikulski, Mr. Brown, Mr. Lautenberg, Mr. Franken, Mrs. Gillibrand, Ms. Hirono, Mrs. Hagan, Mr. Schatz, Mr. Merkley, Mr. Reed, and Mr. Begich) submitted the following concurrent resolution; which was referred to the Committee on Finance

CONCURRENT RESOLUTION

Expressing the sense of Congress that the Chained Consumer Price Index should not be used to calculate cost-of-living adjustments for Social Security or veterans benefits, or to increase the tax burden on low- and middle-income taxpayers.

Whereas the Social Security program was established more than 77 years before the date of agreement to this resolution and has provided economic security to generations of Americans through benefits earned based on contributions made over the lifetime of the worker;

Whereas the Social Security program continues to provide modest benefits, averaging approximately $1,156 per month, to more than 57,000,000 individuals, including 37,000,000 retired workers in March 2013;

Whereas the Social Security program has no borrowing authority, has accumulated assets of $2,700,000,000,000, and, therefore, does not contribute to the Federal budget deficit;

Whereas the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund projects that the Trust Fund can pay full benefits through 2032;

Whereas the Social Security program is designed to ensure that benefits keep pace with inflation through cost-of-living adjustments (referred to in this preamble as COLAs) that are based upon the measured changes in prices of goods and services purchased by consumers that is currently published by the Bureau of Labor Statistics as the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI–W);

Whereas the Bureau of Labor Statistics publishes a supplemental measure of inflation, the Chained Consumer Price Index for all Urban Consumers (C–CPI–U), or Chained CPI, which adjusts for projected changes in consumer behavior resulting from price fluctuations known as the substitution effect;

Whereas the substitution effect occurs when consumers buy more goods and services with prices that are rising slower than average and fewer goods and services with prices that are rising faster than average;

Whereas studies indicate that typical Social Security beneficiaries spend a significantly higher percentage of their budget than other consumers on health care, health care prices have increased at higher than average rates, and consumers, including seniors, may not be able to substitute health care easily;

Whereas the current COLAs, based on the CPI–W, fail to reflect that Social Security beneficiaries spend more of their income proportionally on expenses such as health care as compared to a regular wage earner, and therefore underestimate increases in the cost of living of Social Security beneficiaries;

Whereas the Congressional Budget Office has estimated that using the Chained CPI to calculate Social Security COLAs would reduce Social Security benefits by 0.25 percent per year, resulting in a reduction in outlays of $127,000,000,000 over the first decade;

Whereas reductions in Social Security benefits from using the Chained CPI to calculate Social Security COLAs would continue to compound over time, and the AARP Public Policy Institute estimates that the reductions would grow to 3 percent after 10 years and 8.5 percent after 30 years;

Whereas Social Security Works estimates that using the Chained CPI to calculate Social Security COLAs would reduce annual Social Security benefits of the average earner by $658 at age 75, $1,147 at age 85, and $1,622 at age 95;

Whereas reductions in Social Security benefits would harm some of the most vulnerable populations in the United States;

Whereas adopting the Chained CPI would cause tax brackets and the standard deduction to rise more slowly, disproportionately raising the tax burden on low- and middle-income taxpayers;

Whereas the Department of Veterans Affairs provides more than 3,200,000 veterans with disability compensation benefits as a result of injuries or illnesses sustained during, or as a result of, military service;

Whereas Social Security Works estimates that using the Chained CPI to calculate veterans disability COLAs would reduce benefits for 100-percent-disabled veterans who started receiving benefits at age 30 by $1,425 at age 45, $2,341 at age 55, and $3,231 at age 65; and

Whereas adopting the Chained CPI would also cut the benefits of more than 350,000 surviving spouses and children who have lost a loved one in battle by cutting Dependency Indemnity Compensation benefits that average less than $17,000 per year: Now, therefore, be it

That it is the sense of Congress that the Chained Consumer Price Index should not be used—

(1)

to calculate cost of living adjustments for Social Security benefits or benefits for disabled veterans and their survivors; or

(2)

to increase the tax burden on low- and middle-income taxpayers.