President Reagan first proclaimed American Business Women’s Day in 1983, and look at how far women have come in the past 35 years:
- 11.6 million businesses in America are owned by women
- Nearly 5.4 million women-owned businesses are owned by women of color, employing 2.1 million people
- Women are graduating from college at a faster rate than men
- More than 70 percent of moms have a job outside of family life
- Women make up 47 percent of the workforce and 40 percent of family breadwinners.
From the family farm to the corner office, America’s business workers and owners are boldly pursuing their dreams. Today, we celebrate their legacy and contributions, and pledge to continue our work to make the American Dream a possibility for generations of women to come.
One way we do that is by keeping this economy strong. In our Better Way agenda, we made a promise to Americans that we’d boost our economy, cut the red tape that was stifling business, and overhaul our tax code. We kept that promise. I encourage you to visit Better.gop for more details.
After overhauling a tax code that was nearly as old as this day of recognition, the results have been historic. Just look at unemployment: 3.9 percent — the lowest in decades!
But these numbers mean nothing if Americans don’t feel Better Off Now — and they do. This week, polling showed that a record-low (12 percent) of Americans are worried about the economy. That’s on top of the 55 percent who say the economy is getting better, and the 64 percent who say now is a good time to find a quality job — both higher than they’ve been in years.
This optimism is reflected in the stories we’re hearing from business women at home. Heather, who runs a furniture store in Eastern Washington, recently told me that more people are walking into their store and buying higher quality furniture.
She said business is better, so they are purchasing two new trucks, they are increasing wages, and for the first time in nearly a decade, they are offering health insurance to their employees again.
Here’s Heather in her own words:
“We have increased wages for our employees and in the process of implementing a health care plan as well as looking into offering some kind of 401K or retirement savings plan. While all very complicated I feel that these benefits are important for today’s workforce. A pay raise for many of our employees means living more comfortably as well as being able to afford more.
“I have one employee who just got a loan to fix up his house, another employee who just bought his first house, two employees that moved into their own apartments, two employees with new vehicles, several employees who have taken great vacations this year…People make more, they buy more furniture, we sell more furniture, we need a bigger truck, the guy who sells the truck hires more employees to meet increased demand, those employees buy more at the grocery store and maybe they even buy some new furniture!”
Stories like Heather’s are repeated all across this country, and are a reminder why House Republicans want to keep this economy strong. As we work on Tax 2.0, which includes making the individual tax cuts permanent, America’s business women — and people from all walks of life — will be the priority.
For more on our policies and the ways the American people are Better Off Now than they were two years ago, be sure to visit Better.gop.