U.S. President Donald Trump hosts a meeting with business leaders in the Roosevelt Room of the White House in Washington January 23, 2017. From left are Corning CEO Wendell Weeks, Trump, Johnson & Johnson CEO Alex Gorsky and Dell CEO Michael Dell. REUTERS/Kevin Lamarque
WASHINGTON: US President Donald Trump promised business leaders Monday that he would cut taxes “massively” and slash regulations by 75%.
He also warned the 12 corporate CEOs gathered at the White House that he would impose a “border tax” on goods imported by companies that move jobs out of the United States.
”What we’re doing is we are going to be cutting taxes massively for both the middle class and for companies, and that’s massively,” he said. “A bigger thing, and that surprised me, is the fact that we’re going to be cutting regulation massively.”
”We think we can cut regulations by 75%, maybe more, but by 75%,” he added.
The CEOs at the meeting included Mark Fields of Ford, Marillyn Hewson of Lockheed Martin, Alex Gorsky of Johnson & Johnson, Michael Dell of Dell, as well as SpaceX chief Elon Musk and Under Armour’s Kevin Plank.
In another development, Trump signed three orders on Monday on withdrawing the US from the Trans-Pacific Partnership (TPP) trade deal, freezing the hiring of federal workers and hitting foreign NGOs that help with abortion.
”We’ve been talking about this for a long time,” Trump said as he signed the executive order to withdraw from the TPP in the Oval Office.
”Great thing for the American worker what we just did.” - AFP
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