Economics & Business
Excluding same-sex couples and their families from marriage not only causes economic hardship for families, but also negatively impacts businesses.
Marriage discrimination causes economic hardship for families. Same sex couples and their families are a reflection of America; they live in 99% of American counties and are even more racially diverse than the general population (pdf). Just as lesbian and gay couples take care of each other and their families with the same love and commitment as any other couple, they also have the same sets of economic decisions to make as everyone else. Unlike everyone else, however, committed same sex couples experience numerous economic injustices (pdf) directly connected to their exclusion from the protections marriage provides such as family health insurance, property rights, social security benefits, automatic inheritance, and divorce.
Excluding same-sex couples from marriage negatively impacts business.Offering insurance benefits to married spouses of employees is one of the most effective recruitment and retention tools for companies. When this process is made simple and easy for all employees, employers benefit financially. The continuing exclusion of same-sex couples from marriage makes offering gay and lesbian employees family benefits a complicated and costly process for employers (pdf). In addition, gay and lesbian employees stand to lose many other important family protections because of marriage discrimination. Despite such financial challenges, companies around the country are taking a stand against discrimination; a majority of Fortune 500 companies now offer domestic partner benefits.
Ending the exclusion of same-sex couples from marriage will allow same-sex couples and their families access to the economic safety net that our government currently provides married couples while also positively impacting the U.S. economy.
Blog Posts Related to Economics and Business
Today, the Obama administration announced that it will take additional steps to provide increased federal respect for same-sex couples’ legal marriages - However, social security protections for married couples will remain unavailable in nearly all states that do not respect marriage for same-sex couples.
A new video by filmmaker Karla Murphy tracks the impact that anti-marriage laws have on gay and lesbian couples, perhaps most visibly on Tax Day, by focusing on one couple who live in North Carolina and are married.
As families across the country work to file their federal taxes for the year, legally married same-sex couples are experiencing a new option: to file their taxes together, as a married couple. Now, a new video from the IRS offers guidance to married couples on how to file their taxes this year.
Resources Related to Economics and Business
Annual report of HRC's Equality Index
An analysis of all the extra health, legal and other costs same-sex couples bear because they can't marry
Fact sheet outlining how same-sex couples experience discrimination in marriage through the tax code.