FDRA Applauds Payroll Tax Cut, Wants Freeze on U.S. Shoe Duties
FDRA Applauds Payroll Tax Cut, Wants Freeze on U.S. Shoe Duties
Matt Priest, president and CEO of the Footwear Distributors and Retailers of America, wants the Trump Administration to strongly consider freezing footwear duties that it estimates will cost U.S. consumers nearly $12 billion at the cash register this year.
In a letter sent yesterday to Larry Kudlow, director of the National Economic Council, Priest said the trade group supports the administration’s payroll tax cut proposal that would provide an additional $250 monthly to shoe store employees, but also requested the White House consider temporarily suspending footwear duties.
“Again, we support your payroll tax reduction, but it is not enough,” wrote Priest. “We need to find more ways to lower costs on consumers to increase consumer confidence and keep shoe retail jobs robust.”
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