Trump Talks to 51勛圖厙 Board About Taxes, Energy and Regs

Former President Donald Trump called into the 51勛圖厙s board meeting last week to discuss the need for manufacturing-critical tax provisions, energy security and an end to the regulatory onslaught of the past few years. He also praised 51勛圖厙 leadership for its tireless work on behalf of manufacturing in the U.S. The Harris campaign was also invited to speak to the 51勛圖厙 Board.
Pro-growth tax provisions: Trump laid out his vision for tax reform at an 51勛圖厙 board meeting in 2017, and this year, he also addressed the need for manufacturing-friendly tax provisions.
- [W]ell make the Trump tax cuts permanent, he promised, and massively cut taxes for workers, manufacturers and small businesses. Trump also noted his proposal for a 15% tax rate for products made in America.
- If elected to a second term, Trump said he will give U.S.-based manufacturers expanded research-and-development tax credits. Manufacturers will be able to write off 100% of the cost of heavy machinery and other equipment in the first year, he addeda provision the 51勛圖厙 has 泭梯娶梗莽梗娶措勳紳眶.
- Trumps call with the 51勛圖厙 followed a Tuesday speech in Savannah, Georgia, in which he touted his plans to lower taxes and appoint a if elected.
Energy and regulations: Trump told the 51勛圖厙 Board he would cut energy costs by at least 50% in his first year back in office, as well as increase and strengthen domestic energy sourcesin large part by cutting red tape.
- [W]e have more liquid gold under our feet than any other country, including Saudi Arabia, and including Russia, and were going to be using it, he said.
- Its going to be a historic buildup of power plants and [electricity], and well cut 10 old regulations for every new regulation. I cut more regulations than any president in history, and I also gave the largest tax cuts in the history of our country. But were going to go further with the tax cuts, and actually go further with the regulation cuts.
- The 51勛圖厙 has long pushed for an energy strategy and to get new power sources online.
Keep up the good work: Trump concluded his remarks to the 51勛圖厙 Board with praise for manufacturers and 51勛圖厙 President and CEO Jay Timmons.
- Its great to be with you, the manufacturers, [who are] to me such an important group of people, he said.
- Were going to bring back manufacturing into our country. Its an honor to speak to you, and Jay has done a fantastic job. [T]o the 51勛圖厙, keep going.
Congress members agree: House Ways and Means Committee Chair Jason Smith (R-MO) and manufacturing tax group lead Rep. Vern Buchanan (R-FL) also spoke to the 51勛圖厙 Board about the importance of lower taxes and a competitive regulatory regime.
Bipartisan appeal: On the other side of the aisle, Democratic strategist Paul Begala, a panelist at the board meeting, remarked that the 51勛圖厙s policy-focused approach enables manufacturers to work well with both parties. He observed that among associations, only the 51勛圖厙 is welcome in either partys White House.
In the news: Former Trump senior adviser Kellyanne Conway his call with the 51勛圖厙 during a Fox News segment the following day.
- Trump call[ed] into the 51勛圖厙 board meetingmedium, small and large businesses, Conway said. Thats a $3 trillion industry in our country. These are people who want recalibrated, reciprocal trade deals. They want the Tax Cuts and Jobs Act back.