NEWS ALERT: Trump confirms plan for Elon Musk to head up new task force, Musk makes promise

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From the Wall Street Journal: Donald Trump outlined a suite of economic proposals in a speech here Thursday, including formally introducing a government efficiency commission to be headed by Elon Musk, cutting the corporate tax rate to 15% for companies that make products in the U.S. and creating a sovereign-wealth fund.

He also said he would rescind certain unspent funds appropriated during the Biden administration and proposed barring people in the country illegally from obtaining a mortgage.

The commission would conduct “a complete financial and performance audit of the entire federal government” and make “recommendations for drastic reform,” the Republican former president said in an appearance before the Economic Club of New York. The goal would be to identify ways to eliminate fraud and improper payments, Trump said.

Trump and Musk have grown close as Musk’s political views have become more conservative. In a recent conversation on X, the entrepreneur suggested Trump form a commission tackling government spending as a way to address inflation.

Thursday morning, Trump confirmed that he would take Musk’s advice.

“At the suggestion of Elon Musk, who has given me his complete and total endorsement, I will create a Government Efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government — and making recommendations for drastic reforms,” Trump said.

He added, “And Elon, because he’s not very busy, has agreed to head that task force… if he has the time, he’d be a good one to do it. He’s agreed to do it.”

Trump said the first order of business for the commission will be to develop and action plan to totally eliminate fraud and improper payments within six months.

“This will save trillions of dollars… trillions… it’s massive,” Trump said.

WATCH:

Thursday morning, Musk, one of the richest people in the world, promised that he will take on the roll – without pay.

“I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed,” he wrote.

On Monday, the Washington Post had published a report announcing that “Trump and his advisers have been talking for months about forming a commission led by prominent business executives to comb through the government books to identify thousands of programs to cut.”

Responding to comments about that report, Musk wrote in a social media post, “I can’t wait. There is a lot of waste and needless regulation in government that needs to go.”

Amid speculation on social media about the possibility of Musk taking the position, Musk had posted a meme on August 19 and wrote, “I am willing to serve.”

Musk’s promise to serve without pay is being praised by conservatives on social media.

One social media user shared a video of Argentina’s new president, Javier Milei, who vowed to rid the government of multiple woke agencies.

In the video, Milei declares while campaigning that he will get rid of all the leftist departments in the government, including the “Ministry of Culture,” the “Ministry of Environment and Sustainable Development,” “Ministry of Gender and Diversity,” and more.

“OUT!” he declares, yanking each label off a presentation board and throwing them on the ground, one by one.

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