Key takeaways
- Donald Trump plans to nominate Elon Musk and Vivek Ramaswamy to the new Department of Government Effectiveness.
- The department aims to save $2 trillion in tax expenditures by auditing and reforming federal operations.
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President-elect Donald Trump is choosing tech entrepreneur Elon Musk and biotech executive Vivek Ramaswamy to lead a new Department of Government Effectiveness after his presidency. victory, according to a new statement shared by Karoline Leavitt, a spokesperson for the Trump transition team.
Musk, CEO of Tesla and SpaceX, would lead a government efficiency commission tasked with auditing federal operations and recommending reforms. Speaking at a Trump campaign rally in New York, Musk outlined plans to save $2 trillion in tax spending through the new department, declaring that “all government spending is a form of taxation.”
Ramaswamy, who advised Trump’s campaign, would join the initiative to scale back federal operations. He advocates what he calls a “band of small-government revolutionaries” to reduce the reach of the federal government.
The proposed department draws inspiration from efficiency initiatives of previous administrations, including the Grace Commission under President Ronald Reagan and the National Performance Review under President Bill Clinton.
The new department aims to cut federal programs and eliminate irregular payments through administrative changes rather than legislative action.
Musk will lead a comprehensive financial and performance audit of federal government operations, based on his technical and business expertise. A key goal of the initiative is to streamline operations without requiring large-scale legislative approval.
This is a developing story.
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