Obama’s Tax Plan and Women Part II

Obama advisers respond to the New York Sun editorial of last week about how Obama’s tax plan will drive women back into the home:

‘Absolutely outrageous” is how Senator Obama’s economic adviser, Jason Furman, described our editorial of Thursday, “Obama’s War on Women,” about the effect the Democrat’s tax plan would have in penalizing highly educated married women who work outside the home. Mr. Furman was asked about it (not by us) in a conference call of the national press corps. … For Messrs. Furman and Goolsbee to counter this criticism with the news that Mr. Obama favors an increase in the minimum wage is just insulting. Most of the women who are going to be paying Mr. Obama’s 54% nominal marginal income tax rate are not minimum wage earners. They are doctors and lawyers and writers and bankers and accountants and teachers and small businesswomen. It used to be the Republicans who were stereotyped as wanting women to stay home with the children. Not that there is anything wrong with such a decision, which may be the best decision for some families. But it is a decision a lot of women would prefer to make on the merits, rather than in the face of a government threatening to seize more than half of their earnings.

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