Donald Trump Just Cut Regulations A Whopping 75% – Endangers Workers (DETAILS)


On day one of of Donald Trump being president, he met with major U.S. CEO’s and promised them he is going to “cut regulations by 75 percent, maybe more.” Those regulations are exactly what protect both employees and the environment. The results could be quite tragic.

The president told the CEOs that his priority is to have his administration rank tax cuts and regulation decreases during its first days. Somehow, Trump believed that a 75 percent reduction in regulations that keep workers’ safe could be “just as strong” and be “just as protective of the people.”

According to the Business InsiderTrump said that all the regulations:

‘Make [it] impossible to get anything built.’

Trump did not specify whether he was going to cut the cost of regulations or the number of regulations.

Trump also threatened to force companies that moved offshore to pay a major “border tax.” Business Insider said he commented:

‘If you go to another country and you decide that you’re going to close and get rid of 2,000 people or 5,000 people … we are going to be imposing a very major border tax on the product when it comes in.’

The president also promised to cut middle class and corporate taxes – again:

‘We’re 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%.’

The federal tax rate on corporations is 35 percent, but when state taxes are added, that number averages out to 39 percent. Trump believes lowering these taxes will “bring manufacturing to our country.” He continued:

‘There will be advantages to companies that do indeed make their products here.’

Trump also signed an executive order killing the TPP, an agreement with countries bordering the Pacific. It would have created a leverage against China, but the bill never made it to Congress.

The CEO OF Dow Chemical, Andrew Liveris talked to reporters after the meeting and told them Trump was “engaged:”

‘We did talk about the border tax quite a bit and we did talk about the sort of industries that might be helped or hurt by that.

‘Look, I would take the president at his word here, he’s not going to do anything to harm competitiveness, he’s actually going to make us all more competitive.’

The president said that he intends on meeting quarterly with these CEOs or even more frequently, if they wish. He said that he wanted to address their concerns.

This is the full list of executives who met with Donald Trump at the White House:

Michael Dell, Dell Technologies
Jeff Fettig, Whirlpool
Mark Fields, Ford
Alex Gorsky, Johnson & Johnson
Marillyn Hewson, Lockheed Martin
Klaus Kleinfeld, Arconic
Andrew Liveris, Dow Chemical
Mario Longhi, US Steel
Elon Musk, SpaceX and Tesla
Kevin Plank, Under Armour
Mark Sutton, International Paper
Wendell Weeks, Corning

Trump is not letting any grass grow under his feet on his first day in office.

Featured Image via Getty/Pool

H/T: Business Insider.