(CNN) The Trump administration has taken a step toward changing the way the poverty threshold is calculated, a move that could strip many low-income Americans of their federal benefits. The move is the latest in what liberals see as President Donald Trump and Republicans' continued attacks on the poor. The administration is also pushing working requirements and other restrictions in safety net programs, which will lead to many losing their benefits. Holtz-Eakin supports switching to chained CPI because it's more accurate than the current index. However, Congress succeeded in shifting to chained CPI to adjust federal income tax brackets annually as part of the 2017 tax reform law.

Source: CNN May 07, 2019 21:00 UTC