Affordable Footwear Act stumbles in Congress
By Kirsti Ellis
WWD.com
The Affordable Footwear Coalition has tried to push for inclusion of the Affordable Footwear Act in the President’s economic stimulus plan. The amendment would eliminate $800 million in regressive tariffs across several footwear categories, including children’s footwear and certain types of lower priced shoes. The Senate’s version of the bill has already failed and was not included in the House bill. The bill would eliminate 43% of the $1.8 million in annual duties collected by the U.S. government. I think that this amendment is a good Idea. It will stop the higher cost of tariffs paid by the manufactures from spreading to the end consumers.
In this economy I think any amendment that will help Americans spend less money is much needed.
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Manufacturers now buy from overseas factories in low wage countries around the world, particularly China. They do not price off of cost, but instead compete in other ways such as offering higher margins to retailers or just taking more profits for themselves.
Now that they have destroyed all most all the American jobs, they just want to increase their profits. Their greed hides behind doing something for the consumer. They are like the child that murders his father and mother and then asks for leniency from the court because he is an orphan.
Until we manage to resurrect manufacturing in the U.S. most people will be worse off than their parents. The affordable footwear act is more a profit grab than any concern for the consumer.
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