WASHINGTON — Doubts run deep in the fashion industry about the effect on the sagging economy from a $350 billion tax-cut package crafted by GOP congressional leaders this week and poised for congressional passage as early as Thursday night.
The menu of tax cuts over the next 10 years means consumers this year will have about $15 billion more in their paychecks from accelerated income tax breaks. Families with children will get an additional $400-per-child rebate for 2003, affecting 25 million households.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)