Independent Women’s Forum – Keeping the Poor in Poverty

The Cato Institute’s Michael Cannon points out one of the unintended consequences of health care reform legislation: how low-wage workers will be hit with astronomical taxes (you know, the same people the government claims it will be helping) and discouraged from moving up the economic ladder.

Writes Cannon:

In a new study, I found those implicit marginal tax rates would hover near 70-80 percent over broad ranges of income. In many cases, they would exceed 100 percent, financially penalizing those who try to climb the economic ladder.

Independent Women’s Forum – Keeping the Poor in Poverty.

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