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 completely 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.
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.
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Also Read: Donald Trump Now Plans To End Social Security Taxes For Retirees
Other Political News Today
Donald Trump now says Harris is a ‘threat to democracy’ after publishing to X, formerly known as Twitter, a series of his worldview.
The former President says Kamala Harris was the first one out of 22 people to quit when she ran against Biden.
“And now she’s a presidential candidate?,” posted Trump to Musk’s social media platform on Saturday.
“Kamala Harris is the Weakest Presidential Candidate in History on Crime.
She’s allowed millions of people to pour through our Borders, many from prisons, mental institutions and, indeed, terrorists, coming in at levels never seen before.
What gives her the right to run for President? She got no votes to Biden’s 14 Million.
She failed in her previous attempt, was the first one out of 22 people to quit, never made it to Iowa, and now she’s a Presidential Candidate?
This is a Threat to Democracy!”
Harris has recently been criticized for switching sides and opinions on proposals, with Trump supporters stating his beliefs and messages have remained consistent over the years.
“Donald Trump is surrendering to his advisors who won’t allow him to debate with a live microphone,” Harris posted to X.
If his own team doesn’t have confidence in him, the American people definitely can’t.
We are running for President of the United States. Let’s debate in a transparent way—with the microphones on the whole time.
Despite sources such as the Economist suggesting Harris is leading the presidential polls, Trump continues to be the most popular candidate on X.
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Also Read: California Is Now Hitting Farmers Up To $10K Fines Per Day
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