Child care is one of the biggest budget breakers for many families. Annual costs for infant care range from just shy of $5,000 in Mississippi to more than $22,600 in Washington, D.C., according to the Economic Policy Institute, a nonprofit organization focused on low- and middle-income workers
The Economic Policy Institute says privatization uses the power of the government to force workers to place some of their earnings under the control of financial institutions, like brokerages and banks, making the finance industry the one clear winner.
According to economist Ben Zipperer of the Economic Policy Institute, the deportation goals backed by the bill would significantly reduce US employment. Drawing from historical data, Zipperer projects that if the Trump administration carries out its target of 1 million deportations annually, the economy would lose 5.9 million jobs over four years, including 3.3 million immigrant jobs and 2.6 million U.S.-born jobs.
“Employment losses would ripple across construction, child care, and consumer services,” Zipperer said. “Child care centres will curtail operations, and parents will work fewer hours due to increased care responsibilities.”
Knock-On Impact: The bill’s immigration enforcement would eliminate almost six million jobs over the next four years, according to an estimate by the Economic Policy Institute. Over 2.5 million US-born workers would lose their jobs.
An analysis from the left-leaning Economic Policy Institute estimated that the deportation provisions in the megabill will put 6 million people out of work – including 2.6 million born in the U.S. That’s because the loss of immigrant workers would hurt many sectors of the economy.
“While Trump and other conservatives claim that increased arrests, detentions, and deportations will somehow magically create jobs for U.S. born workers, the existing evidence shows that the opposite is true; they will cause immense harm to workers and families, shrink the economy, and weaken the labor market for everyone,” wrote the author, Ben Zipperer.
One major challenge raised by the new work requirements in the tax bill is that they will make it more complicated for recipients to access Medicaid by adding to the red tape people will have to go through to prove their eligibility.
“While work requirements do not reliably increase employment, they do significantly increase the administrative burden and costs of applying for safety net programs,” a memo from the left-leaning Economic Policy Institute previously explained.
Why it matters: In Alaska, Oregon, and Washington, D.C. alone, that means paycheck boosts for more than 880,000 people, according to The Economic Policy Institute, also impacting workers in major hubs like Los Angeles, San Francisco, and D.C.