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Trump Tells CEOs He Will Cut Corporate Taxes, Regulations
President Donald Trump met earlier today with CEOs from Ford, Tesla and other companies to reiterate his promise to lower corporate taxes from 35% to somewhere between 15% and 20%.
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President Donald Trump met earlier today with CEOs from Ford, Tesla and other companies to reiterate his promise to lower corporate taxes from 35% to somewhere between 15% and 20%.
He also said he aims to reduce regulations that affect decisions to build factories in the U.S. “by 75%, maybe more,” Reuters reports.
But Trump warned the executives they can expect a “very major border tax” if they move production outside the country and then import their foreign-made goods. Ford CEO Mark Fields told reporters after the meeting that “the president is very, very serious” about bolstering the American economy.
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