Republican White House candidate Donald Trump unveiled a plan Thursday to install billionaire entrepreneur Elon Musk at the head of a government efficiency commission to eliminate “trillions” of dollars in wasteful spending.
Trump told business executives at a speech in New York that Musk, who came up with the idea, would oversee a “complete financial and performance audit of the entire federal government” in a second Trump administration.
“As the first order of business, this commission will develop an action plan to totally eliminate fraud and improper payments within six months,” Trump told the Economic Club of New York.
Staking out a distinct economic blueprint from Harris’s ahead of the November 5 election, Trump has pledged sweeping tax cuts, with Bloomberg estimating the cost at more than $10 trillion over a decade.
Trump, 78, reiterated his plan for lower taxes and raising tariffs on imports and said he planned to eliminate 10 government regulations for every new one introduced.
He also pledged to make the United States the cryptocurrency capital of the world, and said he would repeal President Joe Biden’s signature climate and tax legislation, the Inflation Reduction Act.
Trump has floated the idea of a commission to cut waste before, but this is the first time he has confirmed he would adopt the idea and tap Musk to lead it.
