Subsidy Cliff News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Obama subsidy cliff. >> the obama care subsidies are available to eligible applicants between 100% and 400% of the federal poverty level. for an individual this is $46,000 a year. and for a family of four, this is about $96,000 a year. if you're above 400% of the federal poverty level, you have to pay back every dollar of subsidy you received that year. for one couple that was in a news article, they had to pay back $20,000 of subsidy if that would have happened to them. >> one of the big promises many made about obama care was that no illegal immigrants would receive subsidies under obama car...

This is going to be a big hit to economic growth and productivity over time. >> what did they find? explain that, summarize what they found. >> right. because the subsidies, obamacare subsidies fade out as cash income rises, it gives people incentive to stay poor and say i'm not going to work as many hours, i'm not going to accept a promotion. i'm not going to go after a different job because i want to keep getting those subsidies. >> this is sometimes called by economists the subsidy cliff. if you make an additional dollar of income, your subsidy falls dramatically or goes away. you have to m...

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