Donald Trump to announce ‘complete audit of the federal government’ with sweeping plans inspired by Elon Musk
- Trump will detail his economic platform on Thursday
- Speculation arose that Musk could lead a “commission on government efficiency”
Donald Trump presents his economic platform during a speech in New York City on Thursday.
The former president’s policies include recommending billionaire Elon Musk create a government efficiency commission to conduct “a full financial and performance audit of the entire federal government.”
The comments are intended to delve more specifically into Trump’s plans for the future of the economy, a topic often cited by voters as their top issue this election cycle.
And Trump holds a lead over Vice President Kamala Harris among voters who believe he would better handle the economic and inflation crises.
Donald Trump is expected to detail his economic plan during a speech at the Economic Club of New York on Thursday afternoon.
Trump’s policy is expected to lead to even more aggressive regulatory loosening than he implemented during his first term in the White House, and will likely lead to a drastic withdrawal of unspent funds freed up by President Joe Biden’s administration.
The speech comes just five days before Tuesday’s debate with Harris in Philadelphia.
“I can’t wait. There is a lot of waste and unnecessary regulation in government that needs to go,” Musk tweeted this week amid speculation about his role in influencing Trump’s economic policies.
Musk proposed that the commission address the inflation problem by tackling government spending.
And the CEOs of X, Tesla and SpaceX want this group to “recommend drastic reforms” after a full government audit.
Trump and Musk have grown closer as the billionaire’s political views have become increasingly conservative in recent years.
During a recent conversation at X, Musk publicly introduced the commission for the first time.
The plans include a proposal from billionaire Elon Musk to create a government efficiency commission to conduct “a full financial and performance audit of the entire federal government” and “recommend drastic reforms” as a way to address the inflation crisis.
During his appearance Thursday afternoon before the Economic Club of New York, Trump is expected to reiterate his call for a national emergency to be declared and “evacuated every bureaucratic hurdle that stands in the way of rapid approval for new drilling, new pipelines, new refineries and new power plants and reactors.”
He said drilling and tapping more domestic energy could cut transportation and oil costs by half and reduce the overall cost of essential goods such as food and gas.
In 2016, Trump promised to eliminate two regulations for every new one. He plans to make even more cuts this time around to lower housing costs and open up swaths of federal land to housing.