Trump calls for regulatory bloodbath—asks Musk to lead task force on 'drastic cuts'
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Donald Trump proposed cutting the corporate tax rate to 15% from 21% during a speech at the Economic Club of New York on September 5, 2024; he aims to contrast his economic policies with those of Kamala Harris, who wants to raise the corporate tax rate to 28%; Trump plans to establish a federal audit task force led by Elon Musk to review government expenditures; he pledged to eliminate 10 regulations for every new one; Trump also suggested a 10% tariff on all imports and 60% on Chinese goods; he emphasized the need for domestic energy production and support for emerging industries like AI; a Bloomberg News/Morning Consult poll indicated that 50% of likely voters trust Trump on the economy compared to 44% for Harris.
#DonaldTrump #ElonMusk #CorporateTax #Regulations #Economy #2024Election #KamalaHarris #FederalAudit #Tariffs #EnergyProduction
https://fortune.com/2024/09/05/trump-calls-for-regulatory-bloodbath-asks-musk-to-lead-task-force-on-drastic-cuts/
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