Independent Women’s Forum - Keeping the Poor in Poverty
The Cato Institute’s Michael Cannon points out one of the unintended consequences of health care reform legislation: how low-wage workers will be hit with astronomical taxes (you know, the same people the government claims it will be helping) and discouraged from moving up the economic ladder.
Writes Cannon:
In a new study, I found those implicit marginal tax rates would hover near 70-80 percent over broad ranges of income. In many cases, they would exceed 100 percent, financially penalizing those who try to climb the economic ladder.
Independent Women’s Forum - Keeping the Poor in Poverty.
Related Posts:
- The Cold Heart of ObamaCare — Cato, Nat Hentoff
- Voice for Liberty on the minimum wage
- Massachusetts Miracle or Massachusetts Miserable: What the Failure of the “Massachusetts Model” Tells Us about Health Care Reform
- Ramesh Ponnuru on health care
- A Parody of Leadership — Robert Samuelson
