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What Trump told CEOs in their private meeting

  • Donald Trump huddled with at least 80 CEOs with a pitch of how taxes are going to be cut and business regulations will be curtailed if he is elected president.
  • The crowd included Apple CEO Tim Cook and JP Morgan Chase CEO Jamie Dimon.
  • Trump told the CEOs a story about how excited tipped workers were about his proposal not to tax tipped wages. The corporate leaders laughed, sources said.

Donald Trump huddled with at least 80 CEOs on Thursday in Washington with a clear pitch to them: If he is elected president again in November, the CEOs are going to see tax cuts and a curtailment of business regulations.

Trump said that if he is in the White House he will cut taxes, including income taxes, and bring back the same economic policies he enacted during his first term, according to people familiar with the meeting.

Trump explained that he wants to bring the federal corporate tax rate down from 21% to 20% if he were to become president, according to a person familiar with his remarks.

Trump also mentioned to the CEOs a recent proposal he rolled out in Nevada, to eliminate taxes on worker tips. Trump then told the CEOs a story about how excited tipped workers were about his proposal, prompting laughter from the corporate leaders, according to multiple sources.

Trump spoke for about an hour at the Business Roundtable's quarterly meeting. The audience included Apple CEO Tim Cook, JPMorgan Chase CEO Jamie Dimon, Citigroup CEO Jane Fraser and Bank of America CEO Brian Moynihan.

President Joe Biden's chief of staff Jeff Zients addressed the group earlier in the day, according to a source.

CNBC sources were granted anonymity in order to speak freely about a private gathering.

"We're going to give you more of the same for the next four

Read more on cnbc.com