Obamacare’s Smoking Gun Fires Again

Obamacare’s Smoking Gun Fires Again – Bloomberg View.

But though I do not fault his honesty, I also think that in January 2012, Gruber did believe that premium tax credits would only be available on state-created exchanges, and that this would give states a strong incentive to create exchanges.

We can draw two conclusions from this: First, the reading of the law by Halbig’s plaintiffs is clearly not ridiculous or dishonest; if it is a mistake, it is a mistake that one of the law’s chief architects could make. And second, we should be very skeptical of people who are now telling us, four years later, what the legislative intent was. Memory really is extraordinarily unreliable, and as we see here, it’s very easy to forget what you believed even a couple of years ago. This is one reason that courts ignore post-facto statements about intent and concentrate on the legal text and the legislative history.

I’m no as willing as Megan McArdle to give Gruber a pass on his honesty but that’s not the point. The points is in bold above.

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