For decades, we’ve all been paying a hidden shoe tax. Critics say it’s a regressive levy that’s only hurting low- and middle-income families.
Now Congress is considering legislation that would eliminate the tax on low- to moderately-priced footwear, including children’s shoesâ€”the footwear that families on the tightest budgets have to buy.
The tax got its start during the Great Depression. The government charged extra for companies that brought foreign-made shoes into the U.S. The idea at the time was to help American shoe manufacturers.
Today, few shoes are still made in this country, but the tax remains.
I’ve been paying $4 in taxes on each $20 in shoes? WHAT???
And, of course, if they get rid of the shoe tax, as they should, the government will have even less money to work with. But they should get rid of it. They should.