Savannah, Georgia – On Tuesday, Donald Trump is anticipated to pledge not only to prohibit American corporations from offshoring employment but also to steal jobs and factories from other countries.
Among the ideas he intends to promote is attracting international companies to the United States by providing access to government land. He hinted at the concept earlier this month when he advocated lowering the corporation tax rate from 21% to 15%, but only for companies that produce in the United States.
His opponent, Vice President Kamala Harris, proposes raising it to 28%. When he became president in 2017, the corporation tax rate was 35%, but he later approved legislation to cut it.
Trump has pressed Harris on the economy, proposing taxes on imports and other measures to help American industry, despite experts warning that tariffs and other Donald suggestions, such as mounting the greatest deportation operation in US history, will cost American consumers.
Trump Wants To Lure Foreign Companies By Offering Them Access To Federal Land
Until recently, Trump’s economic strategy has primarily focused on punishing corporations who relocate their operations overseas. But on Tuesday, he plans to announce incentives for international corporations to leave other nations and relocate to the United States. The former president wants to personally recruit foreign companies and send officials of the administration to do the same.
A top Trump advisor provided advanced parts of Donald’s address, which the former president may still amend.
It is uncertain whether some of the incentives he promises to implement if elected president will attract foreign companies. In addition, the past president had a mixed track record of soliciting foreign investment while in office. For example, Donald pledged that Taiwan-based electronics manufacturer Foxconn would invest $10 billion in Wisconsin, potentially creating 13,000 new jobs, but the business never delivered.
It is also unclear whether a president can grant these privileges to foreign firms. The Bureau of Land Management imposes limitations on foreign entities seeking to lease land. Donald’s team did not immediately react to a request Monday night about whether Chinese companies would be excluded, despite his long-standing claims that China harms American business.
The Republican presidential contender will announce his idea in Savannah, Georgia, one of the country’s largest ports for containerized freight.
It is Trump’s first visit to this battleground state since a rivalry between the former president and Republican Gov. Brian Kemp was resolved last month when the popular Georgia governor finally endorsed Trump.
Some Republicans have expressed concern that Georgia has become more politically competitive in the two months since Vice President Kamala Harris announced her presidential campaign after President Joe Biden abandoned his reelection attempts. Harris gave a speech in Atlanta on Friday, declaring Trump a threat to women’s rights and warned voters that if elected, he will continue to restrict abortion access.
Trump Wants To Lure Foreign Companies By Offering Them Access To Federal Land
Before Trump spoke, Rep. Marjorie Taylor Greene informed the audience that the former president is a “successful businessman who gave us the best four years of our life.” Georgia Lt. Gov. Burt Jones criticized Harris for declaring Donald a threat to democracy, claiming that she won the Democratic nominee through delegate votes rather than a primary process.
Jones acted as a fictitious elector, signing the “unofficial electorate certificate” and falsely stating that Trump won the 2020 election, which he actually lost to Biden. A special prosecutor, however, declined to file criminal charges against Jones in the case.
SOURCE | AP
