Trump campaign vs. Trump administration: on Corporations


Donald Trump: US open for business: keep Carrier AC in Indiana

President-elect Donald Trump aimed a series of tweets at companies that would move American jobs out of the country: "Expensive mistake," said the sixth in a rapid-fire series. "THE UNITED STATES IS OPEN FOR BUSINESS."

A central theme of Trump's 2016 presidential campaign had been bringing back jobs that had been outsourced to other countries. That point was something he emphasized last week with a deal that was to retain some jobs at Carrier, which manufactures air conditioners in Indiana, rather than having those jobs exported to Mexico.

Trump tweeted: "Any business that leaves our country for another country... fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the US... without retribution or consequence, is WRONG! There will be a tax on our soon-to-be-strong border of 35% for these companies...wanting to sell their product, cars, A.C. units etc., back across the border."

Source: Politico.com on Twitter posts during 2016 Trump Transition Dec 4, 2016

Linda McMahon: SBA should respond quickly in emergencies

During her confirmation hearing, McMahon identified improving the SBA's disaster relief programs as her first priority. "Disasters don't pick a time. They happen. And we need to be prepared for those disasters. I don't know how effective they've been. I know that when Sandy hit a few years ago, Hurricane Sandy --it was a delay in time of response from the SBA--we have to be ready for disaster relief. When our small businesses are put out of business for a while, the economy suffers," she said
Source: Ballotpedia.org: 2017 Trump transition confirmation hearings Jan 25, 2017

Linda McMahon: Businesses optimistic because Trump is cutting regulations

Linda McMahon, the Administrator of the Small Business Administration ascribed the optimism of small-business owners to what they see in Washington, as the president delivers on his promises of regulatory reform, cutting taxes and workforce development. Entrepreneurs often say it's not a specific regulation but "the sheer volume of rules and mandates" that choke their businesses, she said. "Most small businesses don't have teams of lawyers or a compliance officer on staff." The cost of complying with regulations to a small business is $11,700 per employee, she said.

The main complaint from businesses, especially manufacturers, is they find themselves out of compliance because they aren't aware of the regulation in question. "I'm all for the right kind of regulation. We clearly need regulation to run things safely and to do the things that we need to have oversight for," McMahon said.

Source: Business Journal Daily on 2018 Trump Administration Aug 31, 2018

Wilbur Ross: CEO of International Coal Group, plus Steel & Textiles

In 2002, Ross established the International Steel Group (ISG), which he established through buyouts and mergers. The ISG had begun with the Pennsylvania-based Bethlehem Steel Corporation when it filed for bankruptcy in 2001. Ross was made chairman of the board of the ISG and, in 2003, he took ISG public.

During a bankruptcy auction in 2004, Ross purchased Horizon Natural Resources and created the International Coal Group (ICG). Ross sold ICG for $3.4 billion in 2011 to Arch Coal, Inc., which is headquartered in St. Louis, Missouri.

Ross' firm merged five companies into the International Textile Group (ITG) in 2004. Ross served as the ITG chairman. The companies continued to operate under their respective names and the group's headquarters are located in Greensboro, North Carolina.

Ross founded the International Automotive Components Group in 2006 and served as the chairman of the group until 2014, when he stepped down to take up a position with the Bank of Cyprus.

Source: Ballotpedia.org: 2017 Trump transition confirmation hearings Feb 3, 2017

  • The above quotations are from Campaign promises compared to follow-up actions taken by the Trump Administration.
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2024 Presidential contenders on Corporations:
  Candidates for President & Vice-President:
V.P.Kamala Harris (D-CA)
Robert F. Kennedy Jr.(I-CA)
Chase Oliver(L-GA)
Dr.Jill Stein(D-MA)
Former Pres.Donald Trump(R-FL)
Sen.J.D.Vance(R-OH)
Gov.Tim Walz(D-MN)
Dr.Cornel West(I-NJ)

2024 presidential primary contenders:
Pres.Joe_Biden(D-DE)
N.D.Gov.Doug Burgum(R)
N.J.Gov.Chris_Christie(R)
Fla.Gov.Ron_DeSantis(R)
S.C.Gov.Nikki_Haley(R)
Ark.Gov.Asa_Hutchinson(R)
Former V.P.Mike Pence(R-IN)
U.S.Rep.Dean_Phillips(D-MN)
Vivek_Ramaswamy(R-OH)
S.C.Sen.Tim_Scott(R)
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Page last updated: Nov 02, 2024