*By Madison Alworth*
New York Rep. Carolyn Maloney wants women to stop paying more than men for products.
"Today my office issued a report on the 'pink tax.' This report shows, not only are we 80 cents to the dollar with the 20 percent discrimination in pay, but that we pay more for other products," said Maloney, who represents New York's 12th Congressional District, in an interview on Cheddar Tuesday.
The congresswoman was at the New York Stock Exchange to celebrate Women's Equality Day, which marks the ratification of the Nineteenth Amendment.
The new ["Earn Less, Pay More"](https://maloney.house.gov/media-center/press-releases/ahead-of-women-s-equality-day-maloney-casey-release-earn-less-pay-more) report highlights research by the [Government Accountability Office](https://www.gao.gov/products/GAO-18-500). The report found that half of the personal care items studied sported higher price tags for the women's version.
The issue extends beyond just personal care.
"We did see a discrepancy in how men and women were treated in mortgages, buying cars, financing, interest on their loans, even access to loans," Maloney said. "This needs to be addressed. Why should you be paid less and then have to turn around and pay more?"
Maloney hopes businesses will react proactively to her report and adjust prices so men and women pay the same amount.
For full interview [click here](https://cheddar.com/videos/congresswoman-carolyn-maloney-fights-for-womens-equality).
President Joe Biden called for a war crimes trial against Russian President Vladimir Putin and said he’d seek more sanctions after reported atrocities in Ukraine.
Catching you up on what you need to know on April 4, 2022, with reports of Russian war crimes in Ukraine, a weekend shooting in Sacramento killing six and injuring 12, Mexico ending its gas subsidization for U.S. drivers, and the University of South Carolina winning the women's NCAA basketball championship, and more.
Peter Zalzal, associate vice president for clean air strategies at the Environmental Defense Fund, a nonprofit environmental advocacy group, joined Cheddar to discuss the Biden Administration's unveiling of stricter fuel-efficiency standards for new automobiles. "The administration estimated that these rules will reduce about 2.5 billion tons of climate pollution by 2050, and using less fuel also means that we have to go to the gas pump less often. And so it means we save money, thousands of dollars in avoided fuel costs each year for consumers," he noted.
The relatively robust March jobs report showed that despite the low unemployment rate, Black, Hispanic, and women job seekers are still having difficulty finding work. William M. Rodgers III, the vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis noted that participation rates in the labor force ticked up for minorities, adding to other positive signs of growth. He also spoke to Cheddar News to discuss further the jobs figures, the state of the labor market, and rising inflation.
U.S. markets opened higher to kick off the second quarter, despite a miss on the March Jobs Report. The economy added $431,000 in the month, slightly lower than the $490,000 analysts had expected. The unemployment rate also ticked down to 3.6% from 3.8%. Kevin Simpson, Founder & Chief Investment Officer, Capital Wealth Planning joined Cheddar's Opening Bell to discuss.
President Biden is going after billionaires in his 2023 budget request to congress. The proposal would establish a 20% minimum tax rate on all households worth more than $100 million, as well as raise the corporate tax rate from 21% to 28%. Rhett Buttle, Small Business for America's Future Senior Advisor, Business Policy Expert & Biden Campaign Business Advisor, breaks down the proposal, what it aims to accomplish, and how small businesses might feel about it.
The Biden administration has announced the U.S. will accept up to 100,000 refugees fleeing the war in Ukraine and provide more than 1 billion dollars in new funding for the growing humanitarian crisis. The move comes as President Biden meets with his western counterparts in Europe to demonstrate a united front against Russia and show support for Ukraine. Altagracia Pierre-Outerbridge, Immigration Attorney for Outerbridge Law, explains how this is going to work.
The DOJ has endorsed an antitrust bill targeting tech giants like Apple, Amazon, Meta, and Google. The legislation would ban the companies from favoring their own products and services over their competitor's, making it more difficult them to dominate the marketplace. Greg Day, Assistant Professor of Legal Studies at the University of Georgia, breaks down the bill and its potential impact on anti-competition in the tech sector.
