Economically empower women across the developing world through the Women’s Global Development and Prosperity (W-GDP) Initiative
The United States has taken critical steps to empower women at home and abroad. Thanks to our economic policies, including the enactment of the Tax Cuts and Jobs Act and the elimination of unnecessary and burdensome regulations, the unemployment rate for American women recently hit the lowest rate in 65 years. We have also fought for policies that recognize the demands and challenges of working parents in order to help women thrive in the labor force and provide for their families. For instance, we secured a doubling of the child tax credit, preserved the child and dependent care credit, and developed a tax credit for employers who offer paid family and medical leave, and we continue to call on Congress to pass a nationwide paid family leave program.
Additionally, we are working to break down the barriers women in science, technology, engineering, and math (STEM) fields face through the expansion of apprenticeships and vocational education for all Americans. Further, this year, we launched the Women’s Global Development and Prosperity (W-GDP) Initiative, which seeks to economically empower 50 million women across the developing world by 2025 through programs and partnerships to promote women’s vocational education and skills training, entrepreneurship and access to capital, and the overall enabling environment of laws, employer practices, and cultural norms that impact women’s economic participation.