Trump Proposes Efficiency Commission Led by Elon Musk in Economic Vision Speech

Donald Trump, addressing the New York Economic Club, revealed plans to form a government efficiency commission led by Elon Musk if he wins the November election. Trump's economic proposals also include slashing corporate tax rates, creating low-tax zones on federal lands, and establishing a sovereign wealth fund.

In a bold economic vision speech at the New York Economic Club, Republican presidential candidate Donald Trump announced his intention to establish a government efficiency commission headed by billionaire Elon Musk should he win the upcoming November election.

Trump laid out sweeping plans including reducing corporate tax rates for domestic manufacturers, forming low-tax zones on federal lands for new housing construction, and initiating a sovereign wealth fund. His pledge to appoint Musk, he stated, aims to curb fraud and improper payments within six months of the commission's inception.

However, his proposals met criticism from various quarters, including the American Federation of Government Employees, whose president decried the potential dismantling of civil services. Debate continues over the broader impact of Trump's plans, with opinions divided on the future economic landscape.

(With inputs from agencies.)