I hope President Trump uses more carrot, and less stick, in his approach to this issue.
He’s promised to roll back onerous federal regulations, and lower corporate taxes to help spur hiring and investment. I really hope he concentrates on those simple and effective incentives.
Top executives from several US based companies raved about President Trump and his initiatives after meeting with the President on his first day of work in the White House.
Andrew Liveris from Dow Chemical and Mark Fields from Ford Motor Company cheered President Trump for his promise to cut regulations by 75%.
Andrew Liveris: He’s not going to do anything to harm competitiveness. He is going to make us more competitive.
Mark Fields: Walking out of the meeting today, I know I come out with a lot of confidence. The president is very, very serious about making sure that the United States economy is going to be strong. And have policy, tax, regulatory or trade, to drive that. And I think that encourages all of us.
Via Varney and Co.:
Top US Executives Rave About Meeting with President Trump at White House
I think this is another case of Trump playing 3 dimensional chess while the Dems in Congress play checkers.
I see this as “What can the Federal Government do to stimulate job creation”. You know the CEO’s are going to ask for lower corporate taxes, less regulation, ability to repatriate overseas profits etc.
This will give Trump the “stick” to put it all on Congress to pass the appropriate legislation.
If Congress falters, it’s all on them, especially Democrats. Trump is ALWAYS thinking 3 steps ahead.
This winning stuff is getting addictive.