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:
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.
You can email Jim Hoft here, and read more of Jim Hoft's articles here.
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