Watch President Obama Speak Live at Newly Designated Monument On Equal Pay Day

Today marks Equal Pay Day, a date that symbolizes how far into the year women have to work to earn what men have typically earned in the past year.

U.S. President Barack Obama is designating a special new monument on Tuesday that will serve to commemorate the ongoing strides American women have taken toward equality. Watch his speech live in the video player below and check out five reasons why we are thrilled this new monument will serve as a national marker symbolizing the continuous fight for women's equality.

1. The new Belmont-Paul Women’s Equality National Monument will stand by an iconic house that has served as the headquarters for the National Woman’s Party since 1929
From this house, known as the Sewall-Belmont House, members of the Party led the struggle for women's equality, publishing more than 600 pieces of federal, state and local legislation in support of equal rights. 

2. The new monument will protect one of the oldest standing houses near the U.S. Capitol
The Sewall-Belmont House preserves an archival collection that contains the history, strategies, tactics and accomplishments of the women’s suffrage and equal rights movement in the U.S. and worldwide. 

3. The Belmont-Paul Women's Equality National Monument is named for former National Woman's Party president, activist and suffragist Alva Belmont and Alice Paul, who founded the Party
Belmont was a major benefactor of the National Woman's Party and Paul was the chief strategist and leader in the Party’s ongoing fight for women’s political, social, and economic equality. 

4. Efforts to protect the Sewall-Belmont House site date back to the early 1970s
The National Park Foundation plans to announce that a contribution of $1 million dollars will support the site and address restoration needs.

5. The Belmont-Paul Women’s Equality National Monument will help tell the story of women's fight for equality for generations to come
Today, only eight American national park sites are said to be specifically dedicated to celebrating women's history. The new monument will add diversity in representing America’s history throughout the National Park System.

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Photo Credit: The White House/Twitter