November 29, 2012
On November 27, 2012, President Obama approved legislation to grant a cost-of-living adjustment (COLA) in Department of Veterans Affairs (VA) compensation to wounded and injured veterans, their dependents and survivors, effective January 1, 2013.
The COLA will be 1.7%, rounded down to the nearest whole dollar. As you know, we strongly support COLA payments to keep pace with inflation, but we disagree with the rounding-down policy because it is a tax on disabled veterans and their survivors, those who can least afford more taxes.
DAV sincerely thanks the members of the Commander’s Action Network (CAN) for making your views known the entire year, not only to urge Congress to pass this COLA bill, but for all your grassroots advocacy on issues important to our members.
Despite this legislative success, DAV anticipates many challenges ahead to maintain the progress we have made on veterans rights and benefits, and to push for more. With your help we “CAN” succeed! Also, please use our Facebook page and visit us on Twitter (@davhq) to continue helping us broadcast DAV’s message on the needs of wounded and injured veterans.