US election 2024: Trump taps Elon Musk to head “government efficiency” panel if elected

U.S. Republican presidential candidate Donald Trump said during remarks at the New York Economic Club on Thursday that he would establish a “government efficiency commission” headed by billionaire supporter Elon Musk, if he wins the Nov. 5 election.

"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. “And Elon, because he's not very busy, has agreed to head that task force.”

Trump did not detail how such a commission would operate, besides saying it would develop a plan to eliminate "fraud and improper payments" within six months of being formed. However, it was the first time Trump had publicly endorsed the idea and said that Musk had agreed to head the body.

In a wide-ranging speech in which Trump laid out his economic vision for the country, the former president also pledged to slash corporate tax rates for companies that manufacture domestically, establish "low-tax" zones on federal lands where construction companies would be encouraged to build new homes, and start a sovereign wealth fund.

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