WELL, WELL, WELL: Senate Hearing: Tax Credits are available for State Exchanges Only. Senator Baucus explains how The Affordable Care Act sets conditions where Tax Credits are available for State Exchanges Only. The discussion is a bit confusing, but he’s saying that this is under the Finance Committee’s jurisdiction because the tax credits are an incentive to adopt state exchanges. You can read more about that here, in footnote 136. Thanks to InstaPundit commenters R.C. Dean, and ThomasD for pointing this out in the comments to this post.