Donald Trump Offers Tim Cook ‘Very Large Tax Cut’ If Apple Brings iPhone Production To United States

The full transcript of President-Elect Donald Trump with the New York Times from earlier this week. In the interview, Donald Trump had revealed that Apple’s CEO Tim Cook had called him up after he won the presidential race.

 In an interview with the New York Times, Trump said that he told Cook he wanted Apple to build a big plant in the United States and would create the incentives for Apple to do that.

In the phone call, Trump told Cook that he would consider it a “real achievement” for himself if he managed to get Apple to build a plant in the United States instead of the company building them in China or Vietnam. For this, Trump is ready to provide Apple with incentives like “large tax cut”
I said: ‘I think we’ll create the incentives for you, and I think you’re going to do it. We’re going for a very large tax cut for corporations, which you’ll be happy about.’ But we’re going for big tax cuts, we have to get rid of regulations, regulations are making it impossible. Whether you’re liberal or conservative, I mean I could sit down and show you regulations that anybody would agree are ridiculous. It’s gotten to be a free-for-all. And companies can’t, they can’t even start up, they can’t expand, they’re choking.
One of the key highlights of Trump’s presidential campaign was to make the United States great again by bringing manufacturing of key products back in the country. While the move may help create more jobs in the country, it could lead to a substantial increase in the cost of production for most companies that could directly affect the final prices of the product.

Trump continue to promise a large tax cut for corporations and less regulations.

We’re going for a very large tax cut for corporations, which you’ll be happy about.’ But we’re going for big tax cuts, we have to get rid of regulations, regulations are making it impossible. Whether you’re liberal or conservative, I mean I could sit down and show you regulations that anybody would agree are ridiculous. It’s gotten to be a free-for-all. And companies can’t, they can’t even start up, they can’t expand, they’re choking.

[Via New York Times]
 

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