Ahead of his remarks in Georgia, read up on how Trump says he’ll help US businesses through tariffs and taxes
Donald Trump portrays himself as a big friend of big business, especially during his first administration. Among his most notable efforts was slashing the corporate tax rate from 35% to 21% as part of his 2017 Tax Cuts and Jobs Act, which contained multiple other beneficial measures for companies.
And he’s promising companies he’ll do more of the same if he’s elected in November for a second term. On Tuesday, he is scheduled to outline his plan for lowering taxes for American business owners and highlight the importance of buying goods made in the US in a speech in Savannah, Georgia, which has an active port that Trump would like to see expanded into a major export hub.
In his speech, Trump is expected to go beyond pushing US companies to produce more domestically, one of the key priorities of his first term and prior campaigns. He will also lay out why foreign companies should move their manufacturing operations to the US, citing his promises to lower taxes and energy costs and to reduce regulations, according to a senior campaign adviser. Under his leadership, he is expected to say, the US will take other nations’ jobs and factories and bring them to America.
Companies that make their products in the US and hire American workers will have free access to the biggest market in the world, he is expected to say. Trump will pledge that those that don’t will have to pay steep tariffs that will provide hundreds of billions of dollars in revenue, which will be used to benefit American citizens.
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