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Trump Calls for an Efficiency Commission, an Idea Pushed by Elon Musk [1]

['Michael Gold', 'Alan Rappeport']

Date: 2024-09-05

Former President Donald J. Trump called for the creation of a government efficiency commission in an economic speech in New York on Thursday, adopting a policy idea that was pitched to him by the billionaire businessman Elon Musk.

Mr. Trump said that Mr. Musk would also lead the commission, which would conduct a sweeping audit of the federal government and recommend “drastic reforms” for cutting waste. He said the commission would save “trillions of dollars.”

In a wide-ranging and sometimes meandering speech that lasted more than an hour, Mr. Trump recast his first-term record as an economic miracle and renewed his pitch for lowering taxes and raising tariffs on imports, often disregarding some of the potential implications of his new proposals.

The trade wars that Mr. Trump started had painful consequences for American farmers, and the new tariffs that he called for would also likely trigger backlash and retaliation from other countries. Mr. Trump claimed that his new tax cuts would be paid for by spurring economic growth, but the 2017 tax cuts he enacted increased the national debt and his growth projections never panned out.

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[1] Url: https://www.nytimes.com/2024/09/05/us/politics/trump-elon-musk-efficiency-commission.html

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