H.R. 8044, titled the “Boosting Benefits and COLAs for Seniors Act,” is a bill that proposes changes to the way Social Security cost-of-living adjustments (COLAs) are calculated. It requires the Social Security Commissioner to use the Consumer Price Index for Elderly Consumers (CPI-E) to...
Simple Explanation
H.R. 8044 is a bill that wants to change how Social Security gives extra money to older people to help them keep up with rising prices. It says to use a special number just for seniors' expenses to decide how much more money they should get each year.