One can picture folks turning down promotions and raises, just like with means-based tax credits and other welfare. Democrats’ policies and resulting laws always seem to discourage people from improving their lot. By design?
Most people know that the health care law provides subsidies for qualifying individuals to help offset the costs of signing up for health care coverage. Most people, however, are unaware that those subsidies can come back to bite the recipients if they have one of several major life events during 2014, such as a marriage, a new job or a job promotion. Come tax time, those individuals can face an unexpected bill from the IRS for the repayment of the subsidy.