An Alternative To Tax Cuts For The Wealthy

It’s equal pay day, which means women in the United States have finally caught up with what their male counterparts earned last year. Yep, it’s 2017 and women in the United States still only earn 80 cents for every dollar earned by their male counterparts and the disparity is much greater for women of color. The wage gap means women can lose hundreds of thousands of dollars in earnings over the course of their careers, but new CAP analysis finds that it’s not only women who suffer, but the economies they work in do too. In fact, increasing earnings for women is more likely to lead to economic growth than cutting taxes for the wealthy.

Of course, American women aren’t the only women who face a gender wage gap. But as another new CAP analysis points out, while other developed nations are embracing policies to help close the gap like work-family supports, discrimination protections, gender-responsive budgeting, caregiver credits, and data collection, the U.S. is falling farther and farther behind. Another area where the U.S. is falling behind? Including women in the administration. Trump is appointing three men for every woman.
(The Progress Report, Center for American Progress, 4/4/17)