ObamaCare really is the gift that keeps on giving. And giving. And I do mean “gift” in the German sense of poison. Under the Affordable Care Act, premium subsidies—tax credits in ObamaCare designed to defray the cost of purchasing health insurance—will go to some seven million tax filers and flow to households earning as much as $94,000 a year. The credits are both advanceable and refundable, meaning the IRS will pay them first and verify the claims for them later, what some call “pay and chase.” The wealth redistribution train never stops. We’re entering a red reality where the system exists only to be gamed.
Posted on: Sun, 16 Jun 2013 20:42:53 +0000
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