A new law deploys a new method of tracking inflation called the "chained" Consumer Price Index, a tool that will dampen future adjustments to federal tax brackets and standard deductions, reducing over time the value of touted tax breaks for individuals and companies. For more details, see this Military Advantage post.
'Chained CPI' Shaves Tax Breaks. Will Your Retired Pay be Next?
Current issue of the Military Report
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- Incentives Aim to Reduce Pilot Attrition
- Damaged USS Fitzgerald Leaves Dry Dock After 15 Months of Repairs
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- Army May Add More Security Measures to Online Systems
- Oldest Military Units Conduct Joint Muster
- Soldiers Save 4 After Plane Crash
- Soldiers in South Korea Awarded for Fighting Fire
- Marine Diversity Office Changes Name