Feb
10

Obamacare Ouch

By 2024, 2.5 million fewer Americans will work due to Obamacare. Because Obamacare healthcare subsidies decline as incomes rise, some workers will deliberately not work to increase their government benefits. The structure of the subsidy is a tax on work. And you get less of whatever you tax. Regrettably, the labor force participation rate is now very low and this will reduce it by another 1.5% percentage points, reducing growth.

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