Trump to Tap Musk to Head Proposed Government Efficiency Commission

Donald Trump outlined a suite of economic proposals in a speech here Thursday, including formally introducing a government efficiency commission to be headed by Elon Musk, cutting the corporate tax rate to 15% for companies that make products in the U.S. and creating a sovereign-wealth fund.

He also said he would rescind certain unspent funds appropriated during the Biden administration and proposed barring people in the country illegally from obtaining a mortgage.