If our tax code went to the hospital, it’d be for hemorrhaging because it’s bleeding inequity. Not only do women lose a larger share of their incomes to taxes, but they also receive fewer benefits from the very initiatives their tax dollars fund. We’ve seen this play out most recently in the Infrastructure Bill.
Taxes wear many hats. They raise revenue. They incentivize behavior. They fund investments. And, in their current form, they propel a reckless flywheel of inequity. Considering how gender equity could expand the U.S. economy by $3.1 trillion, it is fiscally responsible for us to restructure our tax and spending system, so that it no longer drains us of sustainable prosperity and growth.