KQED Nightly Business Report December 19, 2012
New inflation indicator that better measures the way consumers shift their purchases when prices rise. This is a technical adjustment that supporters of it and outside economists say is meant to make the governments estimates of inflation more accurate. Reporter that switch to a chained Consumer Price index would reduce future benefits for social security, and it would affect the way the i. R. S. Sets tax brackets, a move that would raise about 100 billion in new tax revenue over the next decade. Eventually, an average family would see its taxes rise by about 75. But tax analysts say the overa...