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Biden’s child care and preschool plans largely follow this same model. New regulations, such as higher pay and stricter education requirements for daycare providers, will only drive up the cost of day care. Biden then “solves” this problem by giving parents subsidies to buy day care on a sliding scale based on income. While a minority of parents may benefit in the end, many, especially married parents, will end up paying more.

And this assumes the child care and pre-K industries will be able to double their existing capacity overnight. No one outside of the Biden White House believes this will happen. The result will be long day care waiting lists and higher prices as states begin to implement the new regulations required by Biden’s bill..