Raised minimum wage creates an imperative to improve ACA marketplace subsidies at low incomes
xpostfactoid.substack.com
Subscribe to xpostfactoid David Dayen flags a paper by UC-Berkeley economist Michael Reich that finds a budget impact from raising the minimum wage (which should render eligible for the reconciliation bill). The paper found $65.4 billion per year in savings, through a combination of increased tax revenues on higher wages and reduced federal expenditures on safety net programs due to eligibility thresholds.
Raised minimum wage creates an imperative to improve ACA marketplace subsidies at low incomes
Raised minimum wage creates an imperative to…
Raised minimum wage creates an imperative to improve ACA marketplace subsidies at low incomes
Subscribe to xpostfactoid David Dayen flags a paper by UC-Berkeley economist Michael Reich that finds a budget impact from raising the minimum wage (which should render eligible for the reconciliation bill). The paper found $65.4 billion per year in savings, through a combination of increased tax revenues on higher wages and reduced federal expenditures on safety net programs due to eligibility thresholds.