MJP –
Donald Trump now adopts Elon Musk’s economic blueprint, which involves a complete overhaul meant to bring prosperity to all Americans.
Former President Donald Trump announced a new set of economic policy proposals on Thursday, incorporating Elon Musk’s suggestion for a government efficiency commission aimed at reducing wasteful federal spending.
This initiative is a critique of the Biden-Harris administration’s spending levels.
During a speech at the Economic Club of New York, Trump stated, “This commission will develop an action plan to eliminate fraud and improper payments within six months.”
He suggested that Musk could be a suitable leader for the commission “if he has the time.”
This endorsement of Musk’s idea signals a growing alliance between the two, a notable shift from their previous public feud just two years ago.
Trump campaign advisor Brian Hughes remarked that Musk’s dedication to improving government efficiency was appealing to Trump.
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Details on how the efficiency commission would function are still forthcoming, though Musk expressed his willingness to lead it, stating, “I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed,” in a post on X.
The proposal for the Efficiency Commission allows Trump to support his criticisms of what he considers frivolous spending by the current administration.
He stated, “It’s time to send Comrade Kamala Harris back home to California,” arguing that her agenda poses a threat to American families and the nation.
Trump’s economic proposals come with significant costs.
He reiterated plans to reduce the corporate tax rate from 21% to 15%, extending the tax cuts from his first term, and eliminating taxes on tips and Social Security benefits.
A study by the Penn Wharton Budget Model suggested that these proposals could lead to federal deficits nearly five times greater than those associated with Harris’s proposals, raising questions about whether the savings from the efficiency commission would offset these increases.
The Trump campaign did not respond to inquiries regarding this issue.
Trump also vowed to cut certain funding from President Biden’s Inflation Reduction Act, promising low taxes, fewer regulations, and lower energy costs.
He highlighted his previous policies, including tough tariffs on China and the reduction of the corporate tax rate to 21%.
“I took care of our economy as I would my own company,” he said.
This speech comes as Trump prepares to sharpen his policy proposals ahead of a debate with Harris scheduled for September 10.
