Trump tells business leaders he wants to cut regulations by 75% or ‘maybe more’

President Donald Trump (C) leads a meeting with invited business leaders and members of his staff in the Roosevelt Room at the White House January 23, 2017 in Washington, DC. Business leaders included Elon Musk of SpaceX, Wendell Weeks of Corning, Mark Sutton of International Paper, Andrew Liveris of Dow Chemical, Alex Gorsky of Johnston & Johnson and others.

Trump meets with CEOs and pledges to cut taxes ‘massively’  

President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or “maybe more.”

At the White House with 10 senior executives, he repeated his campaign pledges to roll back corporate rules, arguing that they have “gotten out of control.” A White House spokesman did not immediately respond to a request to elaborate on which rules Trump will target or how the 75 percent was calculated.

“We’re going to be cutting regulation massively,” but the rules will be “just as protective of the people,” Trump told reporters at the meeting that included Tesla Motors CEO Elon Musk and Under Armour CEO Kevin Plank.

Watch at: http://video.cnbc.com/gallery/?video=3000586608

Read more at: http://www.cnbc.com/2017/01/23/trump-tells-business-leaders-he-wants-to-cut-regulations-by-75-percent-or-maybe-more.html

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