Women Entrepreneurs Encouraged by Trump’s Proposed Tax Rate Cut

Tax reform would give a boost to the country’s 10 million women business owners, according to Women Impacting Public Policy

(L-R) Women Impacting Public Policy (WIPP) President Jane Campbell, House Ways and Means Committee Chairman Kevin Brady, WIPP board member Rebecca Boenigk and Rep. Kristi Noem at the WIPP congressional luncheon in Washington on Oct 4, 2017. Courtesy of WIPP

WASHINGTON—The Trump administration’s tax reform blueprint was welcome news for women entrepreneurs who bear a substantial tax burden on their profits. Women-owned businesses represent more than a third of all U.S. companies, and the vast majority of them are pass-through entities that are subject to the individual income tax.

“We have seen an incredible step forward in trying to equalize the tax burden for pass-through entities and C corporations,” said Jane Campbell, president of Women Impacting Public Policy (WIPP), a nonpartisan organization advocating on behalf of women entrepreneurs.