Trump calls for an efficiency commission, an idea pushed by Elon Musk - West Hawaii Today

Contributing sentiments towards policy:

56% : He said the commission would save "trillions of dollars."In a wide-ranging and sometimes meandering speech that lasted more than an hour, Trump recast his first-term record as an economic miracle and renewed his pitch for lowering taxes and raising tariffs on imports, often disregarding some of the potential implications of his new proposals.
49% : Trump has previously called for imposing a 10% to 20% tariff on most imports, as well as a more than 60% tariff on Chinese products.
47% : During his speech, Trump also vowed to eliminate 10 existing government regulations for every new regulation added under his potential new administration.
45% : Trump has a tendency to divert any policy-focused speech toward his talking points from his rallies.
43% : "We will be bringing in billions and billions of dollars, which will directly reduce our deficits," Trump said.
43% : Trump had previously discussed the idea of an efficiency commission, but he stopped short of saying he would adopt it in a livestreamed conversation with Musk last month on X, the entrepreneur's social-media platform.
42% : Though Musk was once a strong supporter of Democrats and a vocal Trump skeptic, he has grown closer with Trump as his own politics have shifted.
42% : After his speech, Trump took four questions from members of the Economic Club.
41% : Musk endorsed Trump in July, just hours after Trump survived an assassination attempt at a rally in Pennsylvania.
39% : Trump, in his address to the Economic Club of New York on Thursday, also made the case for a repeal of the Inflation Reduction Act of 2022, which was President Joe Biden's signature climate and tax legislation.
38% : Building on his frequent promise to boost domestic energy production, Trump said he would declare a national emergency to help cut through bureaucratic regulations and boost drilling for oil, new pipelines and new power plants.
38% : American oil and gas production has hit record levels under Biden, but Trump said that it would be "four times higher" had he been elected in 2020.
38% : As Musk became more conservative, Trump and his team began courting his support.
37% : Acknowledging that he had imposed some during his presidency, Trump said he would aim to "use sanctions as little as possible" in a bid to avoid other countries turning to Chinese currency.
35% : Trump -- who during his presidency issued an executive order vowing a similar two-for-one rule -- argued that the cost of regulations was being passed onto consumers.
35% : Reshma Saujani, founder of both Moms First and Girls Who Code, asked Trump what legislation he might prioritize to address rising child care costs.
34% : On tax policy, Trump said that he would lower the corporate tax rate to 15% from 21%.
32% : Though he has often cited the sanctions he imposed on Iran as a signature policy achievement, Trump also suggested that he believed the Biden administration was leaving existing sanctions on other countries in place for too long.
30% : And on trade, Trump signaled that another aggressive round of protectionist measures would be in store for companies that do not produce their goods in the U.S.
29% : Trump claimed that his new tax cuts would be paid for by spurring economic growth, but the 2017 tax cuts he enacted increased the national debt, and his growth projections never panned out.
27% : Trump was also asked how he might alter existing economic sanctions, particularly on Russia.
26% : In a jumbled and meandering answer, Trump said he would commit to legislation but did not offer a specific plan.
22% : Trump said that Musk would also lead the commission, which would conduct an audit of the federal government and recommend "drastic reforms" for cutting waste.
22% : The trade wars that Trump started had painful consequences for American farmers, and the new tariffs that he called for would also likely trigger backlash and retaliation from other countries.

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