Craftbox, which is based in the Philippines, was created to make inexpensive, custom-made clothing for weddings, picnics and other gatherings.
The company is one of the biggest domestic retailers of wedding dress and has a presence in several countries including Australia, Canada and South Africa.
The tax bill, which was approved by the House of Representatives last week, would cut Craftbox’s annual tax bill in half, to $8 million.
Craftbox was not immediately available for comment.
The legislation is also expected to cut Crafts and Crafts-branded clothing production, though it is unclear how much Crafts would be cut.
The House approved a measure on Thursday that would slash Crafts tax bill by about $2 million, and the Senate approved a similar measure in June.
In its latest annual report, Craftbox said it was still planning to hire 20 to 25 employees in the next two months.
Crafts, which sells craft accessories, crafts, jewelry, home decor and more, is a subsidiary of the larger Crafts Group, which also includes Michaels and Home Depot.
The Crafts group said in a statement on Thursday the tax bill is intended to “bring back our customers to the Crafts brand and our businesses.”
“The House’s tax reform bill was passed by the Senate, which will allow us to focus on providing our customers with the best value and products,” the statement said.
“We’re extremely grateful for the support of our partners and friends across the country and look forward to working with them to further grow our business.”
Craftbox CEO Mark Fucito said the company is not worried about the impact on the company’s employees.
“Our staff is focused on the job and preparing for a full-time return to work in the U.S.,” Fucite said in the statement.
“If anything, we’re just excited to be back to work and back to our customers.”