Trump pledges to cut corporate taxes


In his first meeting with business leaders from twelve large US companies after swearing in as president, Trump pledged to bring down the corporate taxes in the range of 15 to 20%. The corporate tax is 35% at the moment. But he asked the top executives to keep their business in US to get tax benefits. He also promised to slash 75% of the regulations to keep jobs in the United states.

He made it clear that only the companies operating business in the United States will enjoy these measures. He said "a company that wants to fire all its people in US and build some factory someplace else, and then thinks that product is going to just flow across the border into the United States, that is not going to happen".

This is a clear indication from the new president that he will give all the benefits and concessions to those companies who will continue to operate inside the US. It will be a big incentive for the businessmen to invest more in America to get tax cuts and other benefits to invest in US. This is a first step towards protectionist economic policies to save American jobs. It is also clear that he will try to fulfill all his election promises.

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