The economy is the most important issue for women, but Obama’s New Deal 2.0 approach risks making it worse, not better.
Moreover, although Andrea sincerely believes Obama’s massive public-works stimulus package can be used to create jobs for women, it will most likely do the opposite.
Primarily because so many businesses and households are struggling, finding the money to pay for the necessary massive new taxes will sabotage the very private-sector engine than can power us out of a recession.
And women will suffer most: Not only do they have less margin (as Andrea notes), but – according to Department of Labor statistics – women make up a larger share of both temporary and part-time workers, who are far more likely to be the first to go when a company is forced to cut costs.
Too many people don’t understand that making businesses pay new taxes means cutting costs elsewhere – especially for the small businesses that employ half of all workers.
Now, having spent years working on Capitol Hill and for the Federal Reserve System, I have a lifelong respect for public servants. But it’s just a reality that most have little or no private-sector experience.
If our incoming president had ever run a business, there is no way he’d propose massive government works as a means of “stimulating” the economy.
He might still propose limited public works in specific areas but would more likely rely on tax cuts to jump-start private business and promote hiring.
Instead, as Cesar Conda explained in an excellent October 2008 National Review article, Obama’s tax hikes – such as for the “stimulus package” – stand to most hurt the small business sector that creates 75 percent of our new jobs.
I know this all too well. As a small-business owner, I employ eight part-time women workers – and this year I also have to somehow find an extra $10,000 for the poorly designed alternative minimum tax, or AMT, that is increasingly pouncing on average Americans such as me.
Since, like most business owners, I have no extra cash lying around, I have no choice but to lay off one of my staff and use what should have been her salary to pay that tax increase.
That stark, depressing, unintended effect will be repeated endlessly under the stimulus package – and is the reality that big-government proponents simply do not understand.
Shaunti Feldhahn (firstname.lastname@example.org) is a conservative Christian author and speaker, and married mother of two.