© 2025 WGLT
A public service of Illinois State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

John Ydstie Reports That Most Households Would Pay Higher Taxes,

if the government were to change the way it calculates inflation, as recommended by a Congressional commission. To protect taxpayers from inflation, the tax code is pegged to the Consumer Price Index. Reducing the CPI by one-point-one percent a year, as the commission recommends, would effectively raise most people's taxes.

Copyright 1996 NPR