Monday at the White House before a meeting with business leaders, President Donald Trump made his intentions clear as to what he wants to do with taxes.
Trump said, “That’s what we want. we want to start making our products again. We don’t want to bring them in, we want to make them here. that doesn’t mean we don’t trade because we do trade, but we want to make our products here. If you look at some of the original great people that ran this country, you will see that they felt very strongly about that, about making products. We’re going to start making our products. There will be advantages to companies that do, indeed, make our products here. We’ve seen it. It’s going to get — it’s going to be a wave — you watch. it’s going to be a wave.”
“And I’ve always said, by the time you put them on these massive ships or airplanes and fly them, I think it’s going to be cheaper,” he continued. “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. We’re trying to get it down to anywhere from 15% to 20%, and it’s now 35%. But it’s probably more 38% than it is 35, wouldn’t you say? That’s a big thing. A bigger thing, and that surprised me, is the fact that we’re going to be cutting regulation massively. We’re going to have regulation and it will be just as strong and just as good and just as protective of the people as the regulation we have right now. The problem with regulation that we have right now is you can’t do anything. I have people that tell me they have more people working on regulations than they are doing product, and it’s out of control. It’s gotten out of control. I’m a very big person when it comes to the environment. I’ve received awards on the environment, but some of that stuff makes it impossible to get anything built. it takes years and years.”
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