(WASHINGTON) -- President Trump hosted business leaders at the White House on Monday to discuss his proposed border tax.
The president wants to tax companies that are looking to close operations in the U.S. and move outside of the country.
During the meeting, he said, "We think we can cut regulations by 75 percent, maybe more, but 75 percent,” in an effort to make American operations more appealing to business executives.
Throughout his campaign, President Trump promised voters he would keep businesses in the U.S. He has also vowed to cut taxes for both businesses and the middle class.
SpaceX and Tesla CEO Elon Musk, Mark Fields of Ford Motor Company and Kevin Plank of Under Armour were all in attendance.
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