Manufacturers

Siemens CEO Praises President Trump for US Tax Overhaul

Siemens CEO Praises President Trump for US Tax Overhaul

President Donald Trump deserves to be congratulated for the recent changes to the U.S. tax system, according to Siemens CEO, Joe Kaiser, in an article published by CNBC at the Munich Security Conference.

Kaeser stated that he believed the U.S. tax policy changes would be a “net positive” for job creation, with a “…very, very good chance that a lot of jobs are being created because the companies have more money to spend on innovation and growth.”

Kaeser added, “That’s why I’ve been congratulating the American president for his tax reform. I didn’t congratulate him for his first year in office or anything else but that I believe was a job well done.”

In a February 2nd jobs report from the US Labor Department, U.S. employers added 200,000 jobs in January, and wages rose at the fastest pace in more than eight years. The Associated Press reported, “The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from Republican tax cuts and minimum wage increases in 18 states also likely boosted pay last month. The figures point to an economy on strong footing even in its ninth year of expansion, fueled by consumer spending and global growth.”

“There’s nothing wrong with it [U.S. tax policy changes] because more jobs means better conditions for the ones who are not that rich. Could it also make rich people richer? Yes, maybe … but I think the key focus ought to be creating jobs.” — Joe Kaeser, President and CEO, Siemens AG

 

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