- Trump to go into more detail on his economic platform on Thursday
- Speculation has emerged that Musk could lead a “government efficiency commission”
Donald Trump outlines his economic platform during a speech in New York City on Thursday.
The former president’s policies will include billionaire Elon Musk’s recommendation to create a government efficiency commission to conduct “a full financial and performance audit of the entire federal government.”
The comments are intended to detail more specifically Trump’s plans for the future of the economy, as the topic is often cited by voters as their No. 1 issue in this election cycle.
And Trump has an advantage over Vice President Kamala Harris among voters who think he would do a better job of handling the economic and inflationary crisis.
Donald Trump is expected to go into more detail about his economic plan during remarks at the Economic Club of New York on Thursday afternoon.
Trump’s policies are expected to introduce even more aggressive regulatory cuts than those he implemented during his first term in the White House and would likely dramatically rescind unspent funding allocated by President Joe Biden’s administration.
The speech comes just five days before Tuesday’s debate with Harris in Philadelphia.
“Can’t wait. There is so much waste and unnecessary regulation in government that needs to go,” Musk tweeted this week amid speculation about his role in Trump’s economic policies.
Musk suggested the commission address the problem of inflation by tackling government spending.
And the CEO of X, Tesla and SpaceX wants this group to “recommend drastic reform” after a full government audit.
Trump and Musk have grown closer as the billionaire’s political views have become more conservative in recent years.
During a recent conversation at X, Musk publicly suggested the commission for the first time.
The plans include a proposal from billionaire Elon Musk to create a government efficiency commission to conduct “a full financial and performance audit of the entire federal government” and “recommend drastic reform” as a way to address the inflation crisis.
In his Thursday afternoon appearance before the Economic Club of New York, Trump is expected to reiterate calls to declare a national emergency and remove “all bureaucratic hurdles to issuing rapid approvals for new drilling, new pipelines, new refineries and new power plants and reactors.”
He says drilling and harnessing more domestic energy would cut transportation and oil costs in half and help reduce overall costs for essential goods like food and gas.
In 2016, Trump promised to eliminate two regulations for every new law. This time, he plans to call for even more cuts to help lower housing costs and open up portions of federal land for housing construction.