Trump tells businesses he wants to cut regulations by 75%

Posted on: January 23, 2017 at 09:08:21 CT

or maybe even more

http://www.cnbc.com/2017/01/23/trump-tells-business-leaders-he-wants-to-cut-regulations-by-75-percent-or-maybe-more.html

President Donald Trump on Monday told a range of business leaders that he believes his administration 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 rules on companies, arguing that they have "gotten out of control."

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

In the wide-ranging statement, Trump reiterated campaign promises to cut taxes for businesses, saying he is trying to get the business rate "down to anywhere from 15 to 20 percent" from the current 35 percent. He also said he wants to reward companies that manufacture in the U.S. and impose border taxes on products that American companies make abroad....