US Presidential Elections 2024: Trump Pledges To Establish ‘Efficiency Commission’ With Tesla CEO Elon Musk

New York: Former US President Donald Trump on Thursday pledged that, if elected in the United States Presidential Election 2024, will arrange a fresh task force that aims to conduct an entire financial and performance audit of the whole federal government and make recommendations for drastic reforms. “Tesla CEO Elon Musk has agreed to maneuver that task force”, said Trump, in a video posted by the CSpan news network on its X platform.

“To forestall this onslaught at lower prices, I’m pledging as of late that in my 2nd term we're going to put off at the very least ten old regulations. For everybody, with new regulations, we’ll have the facility to do that reasonably without problems. In actuality, and in place of attacking industries of the long-term, we're going to embrace them, including making The United States the arena capital for crypto and bitcoin.” Trump said on Thursday while addressing the Economic Club of New York.

“At the suggestion of Elon Musk, who has given me his complete and total endorsement, that’s a nice smart guy. He knows what he’s doing. Very reasonably a lot appreciated. I will create a Government Efficiency Commission task with conducting an entire financial and performance audit of the whole federal government and making recommendations for drastic reforms we should always do. Or not it is ready to’t go on the style we're now. And Elon, because he’s now no longer very busy, has agreed to maneuver that task force, be interesting if he has the time, be good one to do it, but he’s agreed,” Trump added.

He stressed that improper and fraudulent payments cost taxpayers an estimated hundreds of billions of dollars in 2022. He also announced that the commission will create an action plan to position off payments within months and added that it'll save trillions of dollars, per a video posted by CSpan on X.

Trump said, “In 2022, fraud and improper payments on my own cost taxpayers an estimated hundreds of billions of dollars. Because the first order of business, this commission will develop an action plan to totally put off fraud and improper payments within six months. This would save trillions of dollars trillions. It’s massive for the same service which possible have gotten possible have gotten for the time being, trillions of dollars is wasted and gone, and no one knows where it went further, taming inaction and bringing prices way down.”

The Republican candidate also pledged to make Trump tax cuts permanent and announced that there shall be no tax on tips. He even alleged US Vice President Kamala Harris to copy his plans and announced to impose no tax on tips. He stated that she can follow her plan and can now no longer move ahead.

He further added, “The 5th pillar of my plan is to make the Trump tax cuts permanent. They're massive tax cuts, biggest ever permanent and to cut tax much more, and we're going to have not any tax on tips, something which they copied four weeks after I said it. She got upset and said no tax on tips. I said I just said that she is generally copying a lot of my plans. In actuality, we’re going to send her a MAGA sometime in the following week….But we also know she doesn’t mean it. She’s going to maintain on with what has been about and likewise no tax on Social security benefits.”

Donal Trump also pledged to save social security. He promised that he'll now no longer impose tax on the advantages of people in social security, stressing that they have been worn out by the inflation. Trump stated, “People in social security have been worn out by inflation and now on top of it, we tax their benefits. We’re now no longer going to tax their benefits. We have so reasonably reasonably a lot of ways of making a lot money. This country, the prospective is so incredible. We don’t should take it faraway from people on social security. We’re now no longer going to do that. We’re going to save social security. She’s going to destroy Social Security.”

In accordance with the video posted by CSpan on X, Trump said that his administration has proved that targeted tax cuts do now no longer extend the deficit however it reduces the deficit by growing the economy and raising revenue.

He further added, “After we gave the massive tax cuts, we took in the following year with a reasonably a lot lower rate. Billions and billions of dollars more than we did the previous year with a high rate, factor in that. So, with a reasonably a lot lower rate, we took in more money because people were incentivised.”

He vowed that he'll work to cut back the corporate tax rate from 21 % to fifteen % for the companies that make their product in the United States.

“Corporate tax revenues are 31 per cent higher as of late than before, my tax law became signed with all of those cuts 31 % higher. To further make stronger the revival of American manufacturing, my plan requires expanded R&D tax credits, 100 % bonus depreciation, expensing for no manufacturing investments, and a reduction in corporate tax rate from 21 % to fifteen per cent solely for firms that make their product in The United States,” he added.

Taking up X, Elon Musk welcomed Trump’s decision stating “Or not it is wrongly needed.”

Or not it is wrongly needed https://t.co/H9AKYbDssZ

— Elon Musk (@elonmusk) September 5, 2024

(With ANI Inputs)