Senators want to stamp out 'shoe tax'

Senators want to stamp out 'shoe tax'

There are 3 comments on the DispatchPolitics story from Jun 10, 2011, titled Senators want to stamp out 'shoe tax'. In it, DispatchPolitics reports that:

U.S. consumers would see a sharp drop in the price of imported shoes - and that's nearly all shoes sold in the United States - if a bipartisan group of senators is successful in stamping out the nation's "shoe tax." "It is kind of a hidden tax, and getting rid of it would be nice to do," Democratic Sen.

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jeremy

United States

#1 Jun 10, 2011
no saving for consumers more profit for shoe companys.... do you really think they will slash prices on the shoes??????
Corned Beef Hash

Bellefontaine, OH

#2 Jun 11, 2011
The price of shoes may go down a little but the profit margin for shoe sellers would explode.
olaf

Fostoria, OH

#3 Jun 11, 2011
Another instance of lobbyist initiated legislation. I have one pair of dress shoes and I purchase a pair of sneakers every 24 months. A tax reduction, if it reaches the shelves in a store, will not pursuade me to buy more footwear.

The few remaining American footwear makers need these taxes to help them survive.

Also - what will replace the lost tax revenue?

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