US firms going abroad can’t say ‘bye-bye and fire everybody’


Team Udayavani, Feb 11, 2017, 5:29 PM IST

Washington DC (USA): President Donald Trump has warned of “consequences” to American companies planning to shift base abroad, telling them that he would make it “harder” for them to just say “bye-bye and fire everybody.”

In his weekly address to the nation, Trump also said that he is working on a major tax reform which would massively reduce taxes of American workers and businesses.

“We are in the process right now of working on a major tax reform that will massively reduce taxes on our workers and businesses,” Trump said yesterday.

“We want to make it much easier to do business in America, and that’s what we’re going to do. We’re going to make it also much harder for companies to leave. 

They’re not just going to say bye-bye and fire everybody. There will be consequences,” he said.

Trump said, he met the CEO of Intel (Brian Krzanich) this week, who announced that his company will invest USD 7 billion in a new manufacturing facility in Arizona, creating thousands of new American jobs.

“That’s what we want, new American jobs and good jobs. Intel decided to move forward with this project because they know we are totally committed to lifting the regulatory and tax burdens that are hurting American innovation and companies,” he said.

Trump said he want America to be the greatest jobs magnet of the world. “But we can’t do that if we don’t stop the wasteful rules and excessive taxes that make it impossible for companies to compete,” he said.

Every hour of every day, his administration is focused on creating jobs for people, Trump said. “I mean good jobs. More jobs, better jobs, higher paying jobs, that’s our mission,” he said.

Referring to his meeting with sheriffs and police chiefs from across the country, Trump said his administration is committed to national security, which is why he will continue to fight to take all necessary and legal action to keep terrorists, radical and dangerous extremists from ever entering the country.

“We will not allow our generous system of immigration to be turned against us as a tool for terrorism and truly bad people We must take firm steps today to ensure that we are safe tomorrow,” Trump said.

“We will defend our country, protect our Constitution and deliver real prosperity for our people,” he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Alphabet gets CCI’s clearance to acquire stake in Flipkart

‘COVID was different’: SC bemoans distribution of free ration

Nagarjuna’s younger son Akhil Akkineni engaged

People getting heartburns after I became CM for second time: Siddaramaiah

Newborn baby kidnapped from Kalaburagi hospital in Karnataka

Gukesh draws with Liren in second game of World Chess Championship

All about ‘One Nation One Subscription’ scheme

Related Articles More

Will impose 25 per cent tariff on all imports from Canada, Mexico: Trump

Internal divisions leave open question whether Gandhi’s vision will ever be fully realised in India: Bill Clinton

COP29: India rejects new USD 300 billion climate finance deal

Royal tour of India in offing for King Charles, Queen Camilla: Report

Indian-American leaders applaud PM Modi for inclusive growth in India

MUST WATCH

Grafting

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing


Latest Additions

Alphabet gets CCI’s clearance to acquire stake in Flipkart

‘COVID was different’: SC bemoans distribution of free ration

Telugu actor Shri Tej booked for alleged cheating, false marriage promise

Five arrested in connection with botched angioplasty deaths at Gujarat hospital

Deceased Kannur official’s widow moves Kerala HC for CBI probe into his death

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.