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Situation. a lot of our members through our feedback, we had seven member listening sessions in february. four conferences getting feedback from our members on this draft of this legislation. getting their ideas. and one of the concerns was, we should cap this credit. so like a millionaire that doesn t get health care from their work but is a millionaire doesn t get tax credit. that was something everyone agreed with. the ways and means committee made that adjustment. the reason it s set where it is, we don t want a job penalty. go back a few years ago and when cbo said obamacare produces job lock, obamacare says that the equivalent of 2 million to 3 million will not take jobs because of the way the obamacare subsidies work. what i mean is, if you set that credit limit too low and a person loses their credit by getting a raise or advancing in life, you don t want to disincentivize that. they are set at such a level ....
Credit situation. a lot of our members through our feedback, we had seven member listin sessions in february, four conferences, getting feedback from our members on this draft of this legislation, getting their ideas, and one of the concerns was we should cap this credit. like a millionaire that doesn t get health care from their work but is a millionaire doesn t get a tax credit, so that was something everybody agreed with and the ways and means committee made that adjustment, but the reason it is set where it is, is we don t want to have a job penalty. go back a few years ago and when cbos said obamacare produces job lock, obamacare says that the equivalent of 2 to 3 million people will not go into the workforce and take jobs because of the way the obamacare subsidies work. what i mean is, if you set that credit limit too low and a person loses their credit by getting a raise or advancing in life, you don t want to disincentivize that. so they are set at such a level ....
Feedback, we had seven-member listening sessions in february, four conferences, getting feedback from our members in this legislation, getting their ideas. one of the concerns was we should cap discredit. like a millionaire love doesn t get health care from network, doesn t get a tax credit. that was it something that we agreed with and the committee made that adjustment. the reason it s set where it is is we don t want to have a job penalty. obamacare produces job lock. obamacare said the equivalent of 2-3 million people will not go into the workforce and take jobs because of the way about your subsidies work. if use of that credit to low and a person lose their credit getting a raise or advancing in life, you don t want to dis- incentivize that. at their set at such a level that that wouldn t occur. ....