Female voters under age 50 favor Barack Obama over Mitt Romney by a margin of two to one in battleground states. This is partly the result of Republican blunders and partly the result of a skillful campaign in which Democrats are accusing Republicans of waging a "war on women."
Is there any way Romney can turn things around and win the women back? Yes.
As it turns out, women would gain more than men from lower tax rates, privatization and individual empowerment. Here's why.
Modern Families. The single most important economic and sociological change in our society in modern times has been the entry of women into the labor market. Today, three of every four women of working age are in the labor market — more than double the share a half century ago.
These changes have had a major impact on family life. Less than one out of every four households is "traditional," with one wage-earner and a stay-at-home spouse. Dual-earner families — with both spouses in the labor market — now constitute more than half of all married couples.
Outdated Laws. Our public policy institutions have not kept pace with these remarkable changes, however. Tax law, labor law and a host of other institutions are still designed from top-to-bottom on the assumption that husbands will be full-time workers, while wives will mainly stay at home. As a result, the highest tax rates in our economy are paid by women wage earners. In fact, women earning only modest incomes can pay taxes at rates that are twice those paid by such billionaires as Warren Buffet and Bill Gates. Consider that:
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