During questioning today before a Congressional committee, Congressional Budget Office (CBO) Director Douglas Elmendorf said straight out that Obamacare’s incentives scheme discourages work.
“By providing heavily subsidized health insurance to people with very low incomes and withdrawing those subsidies as income rises, the act creates a disincentive for people to work relative to what would have been the case in the absence of that act.”
The CBO yesterday reported that around 2.3 million Americans will lose their jobs due to Obamacare.
Via Happening Now:
