In a recent campaign speech at the New York Economic Club, former President Donald Trump unveiled his economic vision if re-elected in November, promising a “national economic renaissance.” One of the key proposals is the creation of a “government efficiency” commission led by entrepreneur Elon Musk, aimed at eliminating fraud and improper payments within the federal government. Trump also plans to cut regulations on energy production, reduce government spending, and lower corporate taxes for US companies.
However, the pledge was met with criticism from the president of the American Federation of Government Employees, who accused Trump and Musk of wanting to replace civil servants with political allies. Musk, on the other hand, expressed willingness to accept the role if Trump wins the election.
Meanwhile, Trump’s opponent, Vice President Kamala Harris, has proposed a populist-leaning economic vision that includes banning price gouging on groceries, offering tax credits for first-time homebuyers, and increasing the capital gains tax for wealthy Americans.
As the economy takes center stage in the upcoming election, polls show a close race between Trump and Harris, with both candidates putting forth their plans to address economic concerns and win over voters.
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