Investing in Gender Equity with a Better Tax Structure

Here at Philanthropy Women, we are primarily concerned with how gender equality movements are being cultivated through charitable giving. However, we occasionally like to step out of our silo and bring in news about how gender equality can be fostered through our collective distribution systems known as governments.

Which is why, today, we want to talk about Elizabeth Warren’s proposed ‘Wealth Tax’. According to Nancy L. Cohen, author, historian and thought leader on gender and American politics, “Warren’s wealth tax would be a massive investment in gender equity.”

Warren’s proposed tax structure might be the biggest boon yet for gender equality in the U.S. (Photo Credit: Wikimedia Commons)

“Senator Warren’s proposed wealth tax is a massive investment in gender equality – and if enacted, would be a gamechanger for women and girls across the US,” said Cohen, further describing the tax plan as a “bold investments in universal childcare and early education” that would “raise wages for childcare workers” and “unleash the potential of American women – increasing workforce participation and helping to close the gender wage gap.” 

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Ms. Foundation to Philanthropy: Grow Local Economies by Supporting Low Wage Workers and Childcare Access

Childcare Impact Assessment, a new report from Ms. Foundation for Women, links up ways to effectively support women in the workforce: better wages and childcare access.

We know that childcare needs to be valued and supported for society to thrive. Yet, time and again, we leave parents, particularly low-income and young parents, out of the picture for access to childcare.

Today, a new study released by the Ms. Foundation for Women validated that state and local officials need to take the reigns and steer their community toward economic growth by funding access to childcare.

“Our approach has not only helped the local organizations achieve policy gains, but also provided necessary resources to develop intersectional leadership in grassroots organizations,” said Aleyamma Mathew, Director of Economic Justice at the Ms. Foundation for Women. “To achieve economic security in the Trump era, we have to win on the state and local level,” she added.

Mathew emphasized that progress can continue if policymakers adequately fund childcare access for our nation’s most marginalized women. “Progress is possible if we continue to break down silos and work together.”

The Ms. Foundation strategy to address child care access calls on funders to do three things:

  1. Support low-wage workers’ rights organizations and workers’ centers who organize in sectors that are made up of up 50% women.
  2. Support new and innovative campaigns that increase public sector funding for childcare at the local and state level.
  3. Work to raise wages and the quality of jobs in the childcare sector.

Download the full report here.

Related:

Heavy Hitters Collaborate on New Blueprint for Women’s Funds to Lead Social Change

Reproductive Rights and Women’s Philanthropy: Aligning Our Resources

 

Scaling the Mount Everest of Gender Equality in Minnesota

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