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Washington beat segment tonight, testimony today by the head of the congressional budget office about obamacare. by providing sub heavily subsidized health insurance to people with very low income and then withdrawing those subsidies as income rises, the act creates a disincentive for people to work relative to what would have been the case in the absence of that act. wow. joining us from washington james rosen and carl cameron. cammeron, you are first up. i understand that, you know, if people make more money that the health insurance subsidies go down. but that was always in play, that was always the point of it, you know, to help the people on the bottom rise on up and then when they get to a certain level they don t need the subsidies anymore. should i be concerned about what the cbo guy just said? well, sure, to translate what he said is that folks particularly lower incomes who are under obamacare will qualify for subsidies whether they are working or not. and they may de ....
That was the cbo guy, the continue guy, the congressional budget office and he says because of obamacare, 800,000 people will walk away from employment, drop out, because they keep their medical benefits by getting someone else to pay for them, not their employer. do i have that right? unfortunately, that s correct. and this little bit was in the c.b.o. report but kind of buried. they were going to lose half a percent. so that is why i asked the question because half a percent is 800,000 jobs. that is a lot of jobs. when he continues why, the main reason, he said, was disincentive to work, people were going to understand that with marginal tax rates going up they would get less money by working and with free health care they would not have to work to get health care so there are disincentives to work. i am a european born and raised in britain and used to this kind of thing and it occurs that obamacare makes the ....
When i meet the leaders of countries, the first thing they say invariably, is, mr. president, so nice to meet you. congratulations on your economy. you are leading the entire world. america is being respected again and america is winning again because we are finally putting america first. everywhere we look we are seeing the effects of the american economic miracle. dana: all right, jesse. one of the things about this is we had 4.1% growth back in 2014. the former cbo guy was on the 2:00 show today and said the difference this time is that the economy was growing in all the right ways. so he does think it is quite sustainable. jesse: yeah. so does the president and that s what all his advisors have told him. the trump economy is so good obama is trying to take credit for it at this point remember they said that trump was going to crash the markets and now the economy. juan: is this the comedy hour or the five? jesse: i m funny but also ....