Trump to Adopt Elon Musk’s Proposal for Government Efficiency Commission
Former president also to reiterate calls for lower corporate tax rate and steep regulation cuts
“… 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 plans to say in an appearance before the Economic Club of New York. The goal would be to identify ways to eliminate fraud and improper payments, according to portions of the speech viewed by The Wall Street Journal.
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The former president has long taken aim at the
2022 Inflation Reduction Act, which called for spending hundreds of billions of dollars to affect a swath of climate, healthcare and tax policies. In his speech, Trump plans to say he would rescind all unspent funds under the law. His campaign didn’t provide specifics, but the threat has alarmed Democrats. The White House, for example, is
racing to lend moneyunder a clean-energy program that has faced criticism for moving too slowly.
There was more than $50 billion in unspent IRA funds at the Internal Revenue Service alone as of March 31, according to a government report. If Trump has a Republican Congress, lawmakers would be eager to pull that money back, shrinking the tax agency’s ability to boost enforcement. He would need congressional approval to repeal tax credits under the law. …”