A new report from The Hill affirms that Republican policies may be contributing to the success of “modern” America
Women in America
The aforementioned report affirms the role that women play in today’s economic society. American women are currently the breadwinners in 40% of homes. Therefore, many women will likely benefit from the GOP’s Tax Cuts and Jobs Act. Under the most recent tax laws, the child tax credit has increased while the marriage penalty has lessened. Furthermore, the average U.S. family will foreseeably experience annual tax decreases by as much as $2,000.
Female leadership is on the incline, not only in households but also in business. Last year’s American Express report moreover affirms the steady rise of women entrepreneurs over the past decade. While many women have historically struggled to compete and thrive in the business world, the conservative tax cuts are projected to change the foregoing pattern.
Under the Tax Cuts and Jobs Act, all business owners are able to decrease the rates of income taxes paid via personal returns and also invest in their enterprises by increasing the measures of cost recoveries.
