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cut the federal deficit by perhaps $300 billion over the next 10 years. But it faces opposition from both right and left. Economists generally agree ... The post Chained Explained appeared first on FactCheck.org. Summary Using a more accurate cost-of-living adjustment for federal benefit payments and tax brackets would cut the federal deficit by perhaps $300 billion over the next 10 years. But it faces opposition from both right and left. Economists generally agree that the