Friday, February 13, 2015

Obamacare's Tax Chickens Come Home To Roost

One of the worst aspects of Obamacare has nothing to do with health care directly: It is the harmful effect on the labor market caused by Obamacare’s crazy quilt of subsidies. Because these subsidies phase out with income, they create extremely high effective marginal income tax rates. The Congressional Budget Office estimates that this will lead to 2 million fewer jobs in 2017 than would have existed without Obamacare.

Well, we file our tax returns for 2014, and the chickens from Obamacare’s first year are coming home to roost:

Read the entire column at NCPA's Health Policy Blog.

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