Kill this thing now.

President Biden’s Build Back Better bill contains provisions to make child care more affordable, but could have the opposite effect for middle class families, according to a new study.

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The new program would act like a $20,000 to $30,000 annual tax on middle-income families,’ Casey Mulligan, economics professor at University of Chicago and Trump-era economic adviser writes in a piece on the study for the Wall Street Journal.

 

Mulligan estimates that by removing financial incentives to offer low-cost care and increasing regulations, the cost of daycare for a middle families could surge 102 to 122 percent.