- Elon Musk on Sunday briefly spoke at a marketing campaign rally for Donald Trump in New York.
- In his speech, Musk mentioned he’d save the US $2 trillion by a division of presidency effectivity.
- Musk and Trump have each advised that Musk might be a member of Trump’s cupboard if he is reelected.
Elon Musk on Sunday gave a short speech throughout a New York marketing campaign rally for former President Donald Trump, by which the Tesla CEO mentioned he’d save the USA $2 trillion in tax spending by a division of presidency effectivity.
Whereas introducing Musk, Howard Lutnick, the CEO of the monetary companies firm Cantor Fitzgerald, described the SpaceX CEO because the “best capitalist within the historical past of the USA of America.” As he took the stage, Lutnick requested Musk, “How a lot do you assume we will rip out of this wasted $6.5 trillion Harris-Biden price range?”
“I believe we will do no less than $2 trillion,” Musk replied, receiving cheers from the group. “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 advised that Musk might maintain a seat in Trump’s cupboard if he is reelected. In a September speech, Trump mentioned that if he wins reelection, he plans to create a authorities effectivity fee to be overseen by Musk, which the Tesla CEO has mentioned 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.
