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Well it's common sense.
Earn $1 over the cap and you lose $12,000-$20,000 in subsidies.
Who is going to give up $12K of government money ?
These people will watch their salaries like hawks.
At at $75-80K a year they may have bonuses, overtime, stock dividends, commissions, etc.
We're talking middle class folks here now, not poverty level with no real additional income.
yep. the disincentives are glaringly obvious to all non-bots.
The "Obamacare Cliff" what one website calls it can be fixed as well as the 400% FPL. The Republican Plan though cuts off subsidies at 300% of FPL and of course taxes almost everyone with employer provided insurance to pay for the subsidies. By the way its been ok for years for older unmarried couples to "live in sin" to avoid taxes or collect a benefit like Medicaid but if a young couple finds a way to do the same thing they are freeloaders.
Obaamcare also taxes everyone, not just those with an employer provided insurance.
But the WH has rejected the report and say it's incomplete.
FB has to go along with them.
Can the WH just reject a CBO report and carry on ?
if that's the case can any other agency just "reject" CBO reports on them as well ?
Whats comical about it, is the CBO operates under the White House department.. So how can they reject a report that comes from their own administration?
They cant.. Its a total joke now that they are running around making excuses for their own failure trying to justify it as a positive.
The 2 million figure is over a period of 10 years. That works out to 200,000 a year. Heck, in November 2013, the US economy added 241,000 jobs just for that month. Looking at the bigger picture, that figure is not much at all, unless you're an Obama Hater and looking for an issue to complain about.
U.S. Economy Added 175,000 Private-Sector Jobs in January, According to ADP National Employment Report.
Well it's common sense.
Earn $1 over the cap and you lose $12,000-$20,000 in subsidies.
Who is going to give up $12K of government money ?
These people will watch their salaries like hawks.
At at $75-80K a year they may have bonuses, overtime, stock dividends, commissions, etc.
We're talking middle class folks here now, not poverty level with no real additional income.
I hadn't considered that.
Where do you think SIVs (Structured Investment Vehicles) and CDOs (Collateralized Debt Obligations) came from?
Very clever accountants.
You can rest assured accountants will find a way to push small business owners and others in the Middle Class down into the subsidy bracket.
Because people who orginally got healthcare through their employers had to work 40 hours. Now, because that is no longer the case, the EMPLOYEES not the EMPLOYERS are cutting back their hours.
Nice spin.
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