IT'S MONEY OUT OF YOUR POCKET any way you look at it.

Any way you look at it, it's money out of our pocket. And there's no end to their deviousness. I'm talking about the guy that used to be called Uncle Sam. That name had a nice connotation to it at one time. Can't you picture a soft spoken, gray-haired guy that really cared about us? The uncle we could go to for answers and problem solving? That Uncle Sam has died, replaced by a look alike. The new Uncle Sam is a fake.

I don't know about you but I always look for the ways the fake Uncle Sam wants to keep the money of ours he already has while, at the same time, looking for ways to get more without our noticing it. Our fake uncle is considering a new method of measuring inflation that would increase taxes for most families. Who would lose the most? Try those with low incomes.

His latest ploy is the xChained Consumer Price Index (CCPI).It's a measure that shows a lower level of inflation. Yearly adjustments to the tax brackets would become smaller. This would push more people into higher tax brackets.
Others whose wages would rise faster than the new inflation would have increases in their standard deductions and personal exemptions.

It's estimated this would take $60 billion more dollars out of our pockets over the next ten years. The rub is it would push more people into higher tax brackets. Their wages would rise faster than the new inflation measure. It would result in annual increases in our standard deductions and personal becoming smaller.

An example was used that if you buy beef and its higher than the last time you bought it, and the price of pork has stayed level, you will buy more pork. This decreases the amount of inflation we experience.

This action would let our fake uncle gradually cut benefits and increase taxes in a way that might not be readily apparent to us.

We have CPAs running our economy and they ain't looking out for us.