Donald Trump, the Republican presidential candidate, has announced plans to establish a government efficiency commission if he wins the 2024 election.
The commission will be headed by billionaire Elon Musk, a Trump supporter.
In a speech at the New York Economic Club, Trump laid out his economic vision, including reducing the corporate tax rate to 15% for domestic manufacturers and creating "low-tax" housing zones on federal land.
He also proposed starting a sovereign wealth fund to support infrastructure projects.
Musk expressed interest in the role, stating that he would serve without salary, title, or recognition.
Trump's proposal resembles Ronald Reagan's 'Mercy' Commission of the 1980s, aimed at improving government efficiency.
However, the plan faced criticism from the American Federation of Government Employees, which accused Trump of trying to replace unaffiliated civil servants.
In addition to tax cuts, Trump's agenda includes banning mortgages for undocumented immigrants in California and loosening regulations on energy projects.
Some economists warn that Trump's proposals could increase inflation and debt.
Recent polls show Trump's economic lead over Democratic Vice President Kamala Harris shrinking, with concerns about the long-term impact of his policies.
