x

‘A VERY EXPENSIVE MISTAKE’ Trump vows 35 percent tax on US companies that move overseas


President-elect Donald Trump said Sunday that he’ll slap a 35 percent tax on U.S. companies that move jobs or operations to other countries — days after announcing a controversial deal with Carrier to keep roughly 1,100 manufacturing jobs in the United States.

Trump, a prolific tweeter with about 15 million followers, needed six posts, each limited to 140 characters, to get out his message.

“The U.S. is going to substantially reduce taxes and regulations on businesses,” Trump tweeted. “But any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. without retribution or consequence, is WRONG!

“There will be a tax on our soon to be strong border of 35% for these companies … Please be forewarned prior to making a very expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS.”

The string of tweets follow Trump’s announcement last week that he had reached a deal with the Carrier furnace and air-conditioning manufacturer to keep the jobs in Indiana, instead of moving them to Mexico where labor costs are significantly less expensive.

Trump made vowing to keep Carrier in the country and

Article source: http://www.foxnews.com/politics/2016/12/04/after-carrier-deal-trump-vows-tax-35-percent-for-us-business-going-overseas.html