This morning, President Donald Trump met with 12 big-name CEOs from across the nation to restate his administration’s corporate tax cut promises.
This reiteration, however, also came with a blatant threat…
The new POTUS likewise used this powwow as an opportunity to remind these bigwigs that he is serious about imposing a significant ‘border tax’ on companies that move production away from the United States.
Here’s how Trump delivered this deliberate warning…
Donald Trump: This Border Tax Will Be ‘Very Major’
‘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,’ Trump said today, according to The Wall Street Journal.
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As far as the specificity of Trump’s ‘very major border tax’ is concerned, the real estate mogul has promoted a selective 35% imposition on companies in violation in the past. That percentage varies enormously from the ‘border adjustment’ that is a key feature of the House Republicans’ overall tax plan.
This post was published at Wall Street Examiner on January 23, 2017.
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