WIPP Policy Priorities 2017
Thursday, January 5, 2017
WIPP 2017 Policy Priorities
WIPP's 2017 Economic Blueprint Lays Out Policies Lawmakers Should Focus on to Help Women Entrepreneurs
Women Impacting Public Policy's Economic Blueprint lays out a range of economic policy recommendations lawmakers can follow to help women entrepreneurs thrive.
The Blueprint lists a comprehensive set of public policy needs covering access to capital, procurement, healthcare, telecommunications and technology, and export and trade—issues that have the most impact on women business owners’ ability to grow their companies.
The blueprint outlines the following policy recommendations:
- Reform the tax code to make deductions and credits equitable no matter what the structure of the company.
- Permanently repeal the estate tax and allow small businesses to pass from one generation to the next
- Simplify the tax code for small businesses to reduce the imbalanced cost of compliance vs. large businesses
Access to Capital
- Change the capital infrastructure
- Simplify intellectual property protections
- Rethink credit scores
- Develop female fund managers through Emerging Managers SBIC Program
- Tax incentives for angel investors
- Support small lending institutions
- End the one-size-fits-all approach to regulation
- Lift the credit union lending cap
- Strengthen government investment
- Accelerate SBIR commercialization
- Modernizing the SBA microloan program
- Provide adequate resources for financial and business counseling
- Ensure acquisition reforms support women-owned businesses
- Adequately support and train the contracting workforce
- Sole source parity
- Implement a strong pooling mechanism for the Small Group Market
- Define work week as 40 hours
- Allow health insurance deductions for the self-employed
- Investment in entrepreneurship pays off: Critical support for entrepreneurs includes access to credit, access to the federal sector and access to training and counseling.
- Federal regulations cost businesses just under $10,000 per employee annually. This problem is exacerbated by the government’s inability to provide long-term policies on which businesses can rely. Whether it is the continued threat of government shutdown in the annual budget/debt ceiling debate, steep spending cuts across the government, or even retroactive tax credits, women entrepreneurs are often left to guess at government outcomes affecting their businesses.
- Government and private sector efforts should focus on increasing investments that drive economic growth.
Telecommunications & technology
- Increase women and minority media ownership
- Continue to provide research and development incentives
- Tax incentives for providing technology advances for rural and urban underserved areas
Export & trade
- Streamline the federal compliance requirements to export
- Protect innovation and intellectual property abroad
Read the full report