Donald Trump warns of costs for outsourcing jobs during Indiana stop
Jonathan Lemire | The Associated Press
8:52 AM, Dec 1, 2016
3:48 PM, Dec 1, 2016
President-elect Donald Trump is warning that companies are not going to leave the United States anymore "without consequences. It's not going to happen." He says that companies leaving will be "taxed very heavily" at the U.S. border.
Trump spoke at an Indianapolis factory where he says he helped prevent hundreds of jobs from moving to Mexico.
Trump said at the Carrier plant that more than 1,100 jobs will be maintained there. But he didn't talking about hundreds of workers who are still set to lose their jobs.
The incoming president is vowing to lower the country's business tax rate from 35 percent "hopefully down to 15 percent" and eliminate regulations.
Any changes to the tax code would need to be approved by Congress.