Considered a new concept
Trump wants to pay part of muscle savings to US budgets
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As Trump's special representative, Musk is intended to reduce US state expenditure at federal level. Now the US President has an idea of what could be done with the saved funds. However, according to an insider, thousands of employees of a tax authority should lose their jobs.
According to President Donald Trump, the US government could pay 20 percent of the savings from Elon Musk's Department of Government Efficiency (Doge) to the Americans. Another 20 percent could be used to reduce public debt. That is a new concept that is considered, Trump said at an event of the Saudi State Fund in Miami. He may have referred to a plan that businessman James Fishback had released on Elon Musk's platform X. Musk had written: “I will inquire with the president”.
Fishback that heads an investment company suggests that the dog savings in the US authority apparatus in the USA in the USA will send a check for $ 5,000. He apparently assumes a total of two trillion dollars of Doge savings-which Musk had referred to as the “best case result”. The multimilliarist and Trump confidant has set a trillion to the goal. Fishback is now in contact with the US government, said a person familiar with the situation to Reuters.
Musk is particularly entrusted with increasing the efficiency of the US federal government. The richest man in the world heads the Department of Government Efficiency (Doge), a consulting committee that is supposed to reduce government spending at federal level. Authorities that supervise his car company Tesla and his space company SpaceX are also affected by the measures.
Trump also announced that he would work with the Republican MPs in the congress on “dramatic” tax cuts. So local producers of oil and gas would be taxed less, he said. The tax on drinking money should be omitted, as well as “hopefully” social security and overtime.
InsideR: IRS releases 6700 employees
In the meantime, the US tax authority Internal Revenue Service (IRS) will be released around 6,700 employees on Thursday as part of a restructuring. Employees are to be terminated who usually work with the authority less than one to two years and enjoy less protection than employees, as a person familiar with the matter says.
The IRS has a total of around 17,000 employees. At first there was no statement from the authority. US President wants to make radical savings and therefore reduce the number of authorities and reduce personnel.
