The National Retail Federation (NRF) has asked Congress to pass legislation eliminating tariffs on a wide selection of low-cost imported shoes. If Congress acts, the NRF says, it would save shoppers an estimated $800 million annually by abolishing a 70-year-old shoe tax.
The legislation, according to the NRF, would eliminate an “outmoded, hidden and regressive tax that needlessly drives up the cost of the majority of shoes and other footwear sold in the United States.”
The tax was adopted to protect a domestic industry that, for all practical purposes, no longer exists, says the NRF. The legislation would eliminate tariffs on about 60 percent of shoes imported into the Unied States, and it would apply to low-cost men’s, women’s and children’s footwear — everything from sneakers to high heels. Most of the savings would be passed on to consumers.
Tariffs would remain in place for high-end luxury footwear.