President Joe Biden's budget-busting, class warfare, culture-war, special-interest subsidizing, market-wrecking day care plan should never see the light of day.
child care plan is expensive social engineering that would create shortages and reward special interests while providing no help to millions of parents. While we grant it will get glowing press and might sound good in a stump speech, there are no redeeming traits to this plan. None. It is wretched from top to bottom.
Giving parents money or letting them keep more of their own is obviously superior family policy because it gives parents a choice. Some will spend their tax savings on day care. Others will use the cash cushion as a way to work less and thus spend more time with children. Still others will use the money to build a granny flat or hire a nanny.
In this way, Biden’s day care subsidies are like his student loan bailouts: Wealth transfers to his highly educated, high-income base in high-cost states. So, what Canada has done, and what the Biden administration is planning, is to cap the out-of-pocket costs. In Canada, this has created shortages of day care spots, and the regulatory burdens that come with the money are driving many day care centers out of business.
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