Obama's report "The Impact of the Obama Economic Plan for America's Working Women" is now available

Barack Obama believes that our government’s policies must change to meet the new challenges facing America’s working women. His economic plan is designed to give working women the opportunity to not just get by, but to get ahead in our economy – to build a nest egg, save for retirement, start a business and provide a better life for their children. This report details the impact of ten key Obama economic policies on working women nationwide and across the 50 states. In summary, the Obama plan will:

1. Provide a New “Making Work Pay” Tax Cut of Up to $500 per Person, or $1000 Per Family, to 71 Million Working Women.

2. Give 8.4 Million Working Women a Raise of up to $4,700 per year, by Increasing the Minimum Wage to $9.50 by 2011.

3. Expand the Earned Income Tax Credit (EITC) to Benefit at Least 5 Million Working Women and Help Ensure That Low-Wage Working Parents Are Not Forced to Raise Their Children in Poverty.

4. Extend Child Care Tax Breaks to 7.5 Million Additional Working Women. A working mother with two kids earning $50,000 a year will receive a $2,100 child care tax cut under the Obama plan.

5. Provide High-Quality Afterschool and Summer Learning Programs to An Additional 2 Million Children. The Obama plan will expand afterschool programs to serve an additional 1 million students and summer learning programs for 1 million students.

6. Provide 7 Days of Paid Sick Leave to 22 Million Working Women.

7. Fight to Close the Gender Wage Gap that Has Women Earning 77 Cents for Every Dollar Earned By Men. This gap is even more pronounced for African American and Latina women.

8. Increase Retirement Savings Opportunities for the 45 Million Working Women Who Lack an Employer Retirement Account, by providing them with a new Automatic Workplace Pension and
providing a $500 matching tax credit for their savings.

9. Help 8.7 million women business owners grow their businesses and create jobs, by setting capital gains rates to zero for small business and entrepreneurial ventures.

10. Offer quality affordable health care to the 21.5 million women who lack health insurance.