President Donald Trump delivered a major economic address in New York City on Thursday.
This from slaynews.com.
During the speech, Trump announced his plan to create a “Government Efficiency Commission” led by Elon Musk.
Musk is renowned for utilizing small, hyper-efficient teams of workers at his companies.
He famously slashed the workforce by thousands when he took over Twitter, which he rebranded as X.
The move would align with Trump’s other promises to cut federal bureaucracy.
Trump also pledged to cut the corporate tax rate to 15% while vowing to “make America richer and stronger” once he wins re-election in November.
Trump made the announcement during a speech to The Economic Club of New York.
The 45th president touted the strength of the U.S. economy under his first administration while blasting his opponent, Comrade Kamala, for her “Kamalanomics.”
He said:
I’m here today to lay out my plan to rescue our country from this nightmare, and to bring back to its citizens the American dream—bigger, better, and stronger than ever before.
Further, he said that during his administration, he “fought for American workers like I would fight for my own family.”
I took care of our economy like I would take care of my own company in every decision.
I asked, ‘Will I create jobs here, or will I be sending jobs overseas? Will it make America richer and stronger, or will it make our country weaker and poorer?’
I always put America first every single time.
“And when our country was hit by the China virus, we saved the economy.
We rescued tens of millions of jobs.
We delivered an economic miracle, which Kamala and Joe turned into an economic disaster, just like they turned the border and indeed the whole world into a catastrophic surrender.
Starting on day one, Kamala launched a war on American energy and orchestrated a nation-wrecking border invasion with illegal aliens pouring in from countries all over the world.
He added that Dementia Joe and Comrade Kamala “formed the worst presidency and vice presidency, by far, in the history of our country.”
And:
This election will decide whether we reward Kamala Harris with re-election and four more years of crime, economic calamity, and international humiliation, or whether we change that direction and once again build the greatest economy in the history of the world, which we had during the Trump administration.
He warned that Comrade Kamala:
[F]undamentally rejects freedom and embraces Marxism, communism, and fascism.
She is promising communist price controls, wealth confiscation, energy annihilation, reparations.
The largest tax increase ever imposed, and mass amnesty and citizenship for tens of millions of migrants who will consume trillions of dollars in federal benefits and destroy Social Security and Medicare.
I am promising low taxes, low regulations, low energy costs, low interest rates, secure borders, low, low crime and surging incomes for citizens of every race, religion, color and creed.
My plan will rapidly defeat inflation, quickly bring down prices, and reignite explosive economic growth.
Further:
[Harris] will take more money out of American pockets, [but said his plan] will leave the typical family with many thousands of dollars more than they have right now.
Trump said he would:
[First] end Kamala Harris’ anti-energy crusade and implement a policy of energy abundance, energy independence and even energy dominance.
He said his plan:
[W]ill cut energy prices in half or more than that within 12 months of taking office.
It will be an economic revival of our country like no one has ever seen before.
Energy was what caused our problem initially.
Energy is going to bring us back.
Trump said he would:
[I]mmediately issue a national emergency declaration to achieve a massive increase in domestic energy supply.
Electricity is desperately needed for AI.
So, we’ll be the leader in AI and every other form of technology with these sweeping authorities.
We will blast through every bureaucratic hurdle to issue rapid approvals for new drilling, new pipelines, new refineries, new power plants, new electric plants, and reactors of all types.
He added:
Prices will fall immediately in anticipation of this tremendous supply that we can create rather quickly.
Trump also said he plans to rescind all unspent funds under the Biden-Harris’s “misnamed” the “Inflation Reduction Act.”
The 45th president also vowed to end the electric vehicle mandate and “stop the appalling waste,” which he said will “save taxpayers an estimated $1 trillion.”
He said:
I will launch a historic campaign to liberate our economy from crippling regulation.
My first term, I pledged to cut ten old regulations for every one new regulation, and we did much better than that.
Trump also stressed he will make America “the world capital for crypto and Bitcoin.”
Meanwhile, Trump said he would create a Government Efficiency Commission “at the suggestion of Elon Musk,” who he said has “given me his complete and total endorsement.”
The Government Efficiency Commission would be tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms.
Trump said Musk “has agreed” to lead that commission.
He also announced he would cut the corporate tax rate from 21% to 15% “solely for companies that make their product in America.”
Comrade Kamala, meanwhile, has proposed the corporate tax rate increase to 28%.
However, Harris’s plans have led to experts fearing that companies will shift operations overseas due to the high taxes.
Trump also said he plans to make his “Trump tax cuts permanent.”
They are massive tax cuts.
We will have no tax on tips—something which they copied four weeks after I said it.
Trump also said his plan would not tax Social Security benefits.
Trump said his message “is simple.”
Make your product here in America and only in America.
We are not going to be taken advantage of anymore.
Trump also said he would “work on national debt” and “work on getting it down.”
Trump vowed that if elected, he would ensure:
[I]nflation will be gone, our energy will be unleashed, our economy will be set free, our sovereignty will be restored, our citizens will thrive.
In conclusion, Trump said:
Growth will come roaring back, and America’s future will be brighter than ever before.
Final thought: ‘ sounds like a Plan. God speed Mr. President.
