Newest Obamacare Lie: Anyone making less than about $45,900 a year can get a subsidy

A CNN analysis finds this just isn't true.

But a CNN analysis shows that in the largest city in nearly every state, many low-income younger Americans won’t get any subsidy at all. Administration officials said the reason so many Americans won’t receive a subsidy is that the cost of insurance is lower than the government initially expected. Subsidies are calculated using a complicated formula based on the cost of insurance premiums, which can vary drastically from state to state, and even county to county.
That doesn’t change the fact that in Chicago, a 27-year old will receive no subsidy to help offset premiums of more than $165 a month if he makes more than $27,400 a year.
In Portland, Oregon, subsidies for individuals making just $28,725 a year phase out for those younger than 35 years old.

Bipartisanship: Senate Votes To Kill Ethanol Subsidies

In a remarkable move of bipartisanship, the Senate voted to kill ethanol subsidies today. Making gas from corn was never cost effective and it was driving up already skyrocketing food prices. Kudos to Republicans and Democrats for a moment of sanity.

The Senate voted 73-27 Thursday to kill a major tax break that benefits the ethanol industry, handing a political win to a bipartisan group of lawmakers that call the incentive needless and expensive.



The vote also could have ramifications on future votes to reduce the deficit. Much of the GOP conference supported Feinstein's bill even though it does not include another tax break to offset the elimination of the ethanol tax credit.