· The Affordable Footwear Act seeks to remove regressive and punitive import duties, commonly called the "shoe tax," on a range of shoe types popular with today's consumers, particularly lower- to moderately-priced footwear and children's shoes.
· Together, the duties on footwear covered by the Affordable Footwear Act account for 0 million, or about 40% of the total shoe tax collected annually. All in all, the shoe tax would be removed from about 60% of all shoes sold in America.
· If enacted, the Affordable Footwear Act would function as a tax cut for American footwear consumers by saving them billions of dollars annually, providing economic relief to lower- and middle-income families at a time when they need it the most.
· This Affordable Footwear Act is not controversial - imports account for 99% of all shoes sold in America, and the few remaining domestic footwear producers do not oppose the legislation. |
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