In a report originally published by Real Clear Wire, Elise Stefanik critically examines the economic impact of the Biden-Harris administration on American women.
She argues that contrary to the narrative propagated by Democrats and mainstream media, a Kamala Harris presidency would not usher in an era of unprecedented economic opportunity for working women. Instead, she asserts that the Biden-Harris administration has burdened women with the most significant pay cut, inflation crisis, tax increase, and economic downturn of the 21st century. In contrast, Stefanik credits President Trump with providing the most substantial economic uplift for American women of any contemporary president.
According to Gateway Pundit, Stefanik points out that during the Trump administration, the median income for women rose annually, reaching a record high in 2020. She states, "Real average weekly earnings increased 8.2% under President Trump yet decreased 3.9% under Joe Biden and Kamala Harris." The unemployment rate for women, especially black women, hit an all-time low during Trump's tenure. In 2019, the workforce participation gap between men and women was the smallest in history, and the number of women in the workforce reached an unprecedented high.
Stefanik attributes these achievements to Trump's pro-family economic policies, which included doubling the child tax credit from $1,000 to $2,000 per child and expanding eligibility. "Nearly 40 million families received an average benefit of $2,200 under his leadership, totaling credits of approximately $88 billion," she notes. Trump also introduced the first-ever paid family leave tax credit for employees earning $72,000 or less and signed into law 12 weeks of paid parental leave for federal workers. He also approved the largest-ever increase in child care and development block grants, thereby expanding access to quality, affordable childcare for over 800,000 low-income families. Furthermore, Trump enacted a provision allowing new parents to withdraw up to $5,000 from their retirement accounts without penalty upon the birth or adoption of a child.
However, Stefanik argues that the economic landscape for women has deteriorated under the Biden-Harris administration. She accuses their failed economic policies of hurting all Americans, but women most severely. She points to the "Inflation Reduction Act," which she claims has accelerated inflation due to excessive climate spending. As a result, women are working longer hours and postponing retirement.
Stefanik asserts that inflation has become a women's issue, with prices increasing by 19.4% since Harris took office as vice president. This rise in prices has made it increasingly challenging for women to provide for their families. She cites examples of women who have had to make significant sacrifices due to the economic strain, including a single mother in Nevada who had to sell her car to afford groceries and a mother in Michigan who had to prioritize gasoline prices over buying clothes for her children.
The economic burden on families has increased significantly, with families needing an additional $12,590 annually to maintain the same standard of living they had three years ago, according to Congress' Joint Economic Committee. Stefanik also highlights the rising cost of childcare and baby essentials, such as diapers and baby formula, and the increase in food insecurity, which she attributes to the incompetence of the Biden-Harris administration.
Stefanik concludes by warning women voters not to be deceived by the Harris propaganda machine's attempts to convince them that their economic situation has never been better.
She argues that the numbers tell a different story, demonstrating that President Trump cared deeply about women and all Americans and knew how to stimulate the economy to create historic opportunities. In contrast, she accuses Kamala Harris of seeing women as a convenient voting block to pander to, deceive, and then abandon in favor of a radically liberal, economically toxic agenda.
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