President Donald Trump Tells Business Leaders He Wants to Cut Regulations by 75%

DONALD TRUMP HITS THE GROUND RUNNING TO CREATE ENVIRONMENT TO CREATE JOBS …

On Monday, President Donald Trump told business leaders he believes he can cut regulations by 75 percent or “maybe more.” What a huge difference between the over-regulation of business under the Obama administration. Trump went on to say there will be protective regulations, just not ones that also are job creation killers. Trump also stated that he is looking to cut taxes as well. Like him or not, Trump is running full speed ahead and doing what he said he would do for the people.

President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or “maybe more.”

At the White House with 10 senior executives, he repeated his campaign pledges to roll back corporate rules, arguing that they have “gotten out of control.” A White House spokesman did not immediately respond to a request to elaborate on which rules Trump will target or how the 75 percent was calculated.

“We’re going to be cutting regulation massively,” but the rules will be “just as protective of the people,” Trump told reporters at the meeting that included Tesla Motors CEO Elon Musk and Under Armour CEO Kevin Plank.

”What we want to do is bring manufacturing back to our country,” Trump said. “That doesn’t mean we don’t trade because we do trade. We want to make our products here.”

After the meeting, Dow Chemical CEO Andrew Liveris said the executives will come back in 30 days with suggested actions to boost American manufacturing.

Trump’s administration has already negotiated a deal with United Technologies for its Carrier unit to keep some jobs in Indiana rather than move them to Mexico, in exchange for $7 million in incentives over several years. Still, the company plans to shut down another Indiana facility and move hundreds of jobs to Mexico.