- Elon Musk on Sunday briefly spoke at a marketing campaign rally for Donald Trump in New York.
- In his speech, Musk stated he’d save the US $2 trillion by a division of presidency effectivity.
- Musk and Trump have each steered that Musk might be a member of Trump’s cupboard if he is reelected.
Elon Musk on Sunday gave a quick speech throughout a New York marketing campaign rally for former President Donald Trump, during which the Tesla CEO stated he’d save america $2 trillion in tax spending by a division of presidency effectivity.
Whereas introducing Musk, Howard Lutnick, the CEO of the monetary providers firm Cantor Fitzgerald, described the SpaceX CEO because the “biggest capitalist within the historical past of america of America.” As he took the stage, Lutnick requested Musk, “How a lot do you suppose we are able to rip out of this wasted $6.5 trillion Harris-Biden funds?”
“I feel we are able to do a minimum of $2 trillion,” Musk replied, receiving cheers from the gang. “I imply, on the finish of the day, you are being taxed. You are being taxed. All authorities spending is taxation. So whether or not it is direct taxation or all authorities spending, it both turns into inflation or it is direct taxation.”
Musk added: “Your cash is being wasted, and the Division of Authorities Effectivity goes to repair that. We will get the federal government off your again and out of your pocketbook.”
Each Musk and Trump have in latest weeks steered that Musk may maintain a seat in Trump’s cupboard if he is reelected. In a September speech, Trump stated that if he wins reelection, he plans to create a authorities effectivity fee to be overseen by Musk, which the Tesla CEO has stated he “cannot wait” to run.
Musk, in his Sunday speech, didn’t elaborate on particular coverage modifications or spending cuts he deliberate to implement if he joined a hypothetical second Trump administration.
Musk and representatives for the Trump marketing campaign didn’t instantly reply to a request for remark from Enterprise Insider.
