Washington: Asserting that tax reform is a great way to change the economy, U.S. President Donald Trump on Wednesday vowed to remove regulations that cost jobs and substantially reduce the corporate tax rates.
Trump made these remarks after meeting with eight retail CEOs to discuss border taxes, trade and infrastructure spending.
“My administration remains very focused on economic growth issues,” NBC News quoted Trump as saying to reporters.
Trump described his meet with the CEO’s as a great listening session.
“Great listening session with CEO’s of the Retail Industry Leaders Association this morning!” Trump tweeted.
Emphasising on the 42 million jobs by jobs retail industry provides, Autozone CEO William Rhodes on behalf of the other CEOs later expressed their concerns over the impact of proposed policy shifts.
He said the CEOs stressed on the importance taking a thoughtful approach to tax reform for both individuals and corporations during the meet.
Rhodes said that President Trump understood their support for his pro-growth policies which they consider would lead to greater domestic investment.
The meet also discussed pushing back of plans to raise taxes on imports.
The meeting included Target CEO Brian Cornell, Best Buy CEO Hubert Joly, Gap CEO Art Peck, Autozone CEO William Rhodes, Walgreens CEO Stefano Pessina, J.C. Penney CEO Marvin Ellison, Jo-Ann Stores CEO Jill Soltau and Tractor Supply Company CEO Gregory Sandfort.