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ANGELA WEISS/AFP via Getty Images
- Elon Musk spoke briefly at a New York rally supporting Donald Trump.
- He asserted that he could save the U.S. $2 trillion by establishing a government efficiency department.
- Musk and Trump have both hinted at the possibility of Musk joining Trump’s cabinet if he is reelected.
Musk’s Vision for Government Efficiency
During a recent campaign event in New York, Elon Musk made headlines with his remarks about potential savings in federal spending. The Tesla and SpaceX CEO proposed that by creating a dedicated department focused on government efficiency, the United States could cut down its tax expenditures by an impressive $2 trillion.
A Bold Introduction
The event featured Howard Lutnick, CEO of Cantor Fitzgerald, who introduced Musk as “the greatest capitalist in American history.” As Lutnick welcomed him to the stage, he posed an intriguing question: “How much can we eliminate from this excessive $6.5 trillion budget proposed by Harris and Biden?”
Musk’s Response to Government Spending
“I believe we can achieve at least $2 trillion,” replied Musk, prompting enthusiastic applause from attendees. He elaborated on his perspective regarding taxation: “Ultimately, you are being taxed—whether directly or through government spending—which leads to inflation or direct taxation.”
Musk emphasized that taxpayer money is often squandered and expressed confidence that his envisioned Department of Government Efficiency would address these issues effectively. “We aim to relieve you from governmental burdens and financial strain,” he stated passionately.
Potential Cabinet Position?
In recent discussions, both Trump and Musk have floated the idea of appointing Musk to a position within Trump’s cabinet should he win another term. In September, Trump mentioned plans for establishing a commission dedicated to government efficiency under Musk’s leadership—a role which Elon expressed eagerness to undertake.
Lack of Specifics on Policy Changes
While addressing supporters on Sunday, Musk refrained from detailing any specific policy initiatives or budget cuts that might be implemented if he were part of another Trump administration.
No immediate comments were available from either Elon Musk or representatives associated with Trump’s campaign when approached by Business Insider for further insights.
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