As a seasoned analyst with decades of experience under my belt, I find myself intrigued by the prospect of Elon Musk auditing the US government, should Donald Trump be elected. This isn’t just a wild idea being tossed around in a casual conversation; it seems to be gaining traction.
Today, Donald Trump announced his intention, should he be elected, to establish a unique commission for the comprehensive review of government bodies. This new entity would be helmed none other than billionaire backer Elon Musk
Elon Musk Will Audit the US Government?
The idea initially proposed by Donald Trump during his conversation with Elon Musk on August 12th might become reality if Trump is elected as a Republican candidate
Today, Trump announced plans to create a ‘productivity enhancement task force,’ with Elon Musk, the chief of Tesla, serving as its leader
According to sources well-versed in the subject, the ex-president has given serious thought to this concept over several weeks. Until today, he hadn’t voiced his support for it publicly. However, during his address at the New York Economic Club, he officially expressed his approval of this idea for the first time
“He proposed setting up a commission to thoroughly examine the financial health and performance of our entire federal government, including conducting audits,” he explained, “and this commission will then offer suggestions for significant changes aimed at improving the efficiency of our government.”
Cutting Corporate Taxes
At present, American-based companies are subjected to a corporate tax of 21%. This rate was lowered from its previous level of 35% in 2017, following the implementation of the Tax Cuts and Jobs Act
As a crypto investor, I’m keeping an eye on the latest news about potential changes in corporate taxes. Donald Trump has proposed a reduction of corporate taxes to 15%, but it’s essential to understand that this would only benefit domestic manufacturing companies. While this could potentially boost the economy and create jobs within these sectors, it remains to be seen how it might impact other industries, including tech and crypto, where many businesses operate globally
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2024-09-05 22:08