Donald Trump Outlines Bold Plans for 2024 Presidency, Including Elon Musk-Led Task Force
In a recent speech, former President Donald Trump laid out his vision for the U.S. should he win the 2024 presidential election. Among his key proposals is the establishment of a task force to conduct a full audit of the federal government, focusing on financial and performance efficiency. Trump announced that the task force will be headed by Elon Musk, CEO of SpaceX, Tesla, and X (formerly Twitter), and confirmed that Musk has agreed to take on the role.
Elon Musk to lead federal government audit
Speaking at the Economic Club of New York on September 5, Donald Trump emphasized the urgent need for government reform. “At the suggestion of Elon Musk… I will create a Government Efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government,” Trump said. He praised Musk’s business acumen, adding, “He knows what he’s doing. Very much appreciated.”
Musk welcomed the announcement, stating on X, “This is badly needed.” The audit, according to Trump, will result in sweeping reforms to improve efficiency and save taxpayer money.
Trump’s focus on cryptocurrency and regulation
Trump also outlined his plan to make the United States a global leader in cryptocurrency. “We will embrace industries of the future, including making America the world capital for crypto and bitcoin,” he stated, while also pledging to eliminate outdated regulations. He plans to replace at least 10 old regulations with 10 new ones to promote growth.
Reiterating his commitment to economic reform, Trump vowed to make the 2017 Trump tax cuts permanent and introduced new measures such as eliminating taxes on tips. He took a swipe at Vice President Kamala Harris, accusing her of copying his idea of tax-free tips. “She’s actually copying a lot of my plan,” Trump claimed, adding that he believes Harris will not follow through on this promise.
On social security, Trump pledged not to tax benefits and criticized the current administration for its handling of inflation, stating that people relying on social security have been hit the hardest.
Corporate tax reductions to boost manufacturing
Donald Trump also addressed corporate tax, outlining a plan to lower the corporate tax rate from 21% to 15% for companies that manufacture in the U.S. He explained that targeted tax cuts can stimulate economic growth without increasing the national deficit. “To further support the revival of American manufacturing, my plan calls for expanded R&D tax credits and a reduction in the corporate tax rate,” he said.
Trump’s comprehensive plan aims to tackle government inefficiency, boost emerging industries, and revitalize the U.S. economy through targeted reforms. His proposal to have Elon Musk lead the audit task force highlights his focus on private sector expertise in shaping government reform.