POLITICAL: OBAMACARE nukes incentives

http://online.wsj.com/news/articles/SB10001424052702304680904579367143880532248

The Economist Who Exposed ObamaCare
The Chicago professor examined the law’s incentives for the poor not to get a job or work harder, and this week Beltway budgeteers agreed.
By JOSEPH RAGO CONNECT
Feb. 7, 2014 6:30 p.m. ET

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Another way of putting it is that taking away benefits has the same effect as a direct tax, so lower-income workers are discouraged from climbing the income ladder by working harder, logging extra hours, taking a promotion or investing in their future earnings through job training or education.

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The bad news just keeps rolling in.

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