BREAKING: Trump vows to create Elon Musk-recommended Government Efficiency Commission to audit ‘entire government’

"I will create a Government Efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government — and making recommendations for drastic reforms," Trump said. The GOP nominee said that the suggestion for the commission came from Elon Musk.

During the speech on the economy, Trump ripped into Vice President Kamala Harris for the policies of the Biden-Harris administration and the inflationary cycle that has plagued the United States throughout her tenure in the office

Trump said that the policies that Harris has touted will lead to American companies going overseas and many people losing their jobs. Harris has vowed to raise the corporate tax rate to 28 percent. Trump said that he will lower the rate to 15 percent.

“For the first time ever,” Trump said, adding that Harris wants to “impose a 25 percent tax on unrealized capital gains. So, if you happen to have a lot of wealth but no cash, you’re in a lot of trouble.”

Although this tax would only apply to those with $100 million or more in assets, this can affect everyday people with 401Ks and other investment accounts. If a majority owner of a publicly traded company does not have the cash to pay the wealth tax, for example, the wealthy owner would likely have to sell off shares from the company, causing its value, and the value of its investment, to drop.

Trump added that his economic plan would be to include a ban on mortgages for illegal immigrants in the US. The GOP said that his plan of cutting the corporate tax rate and other measures would rapidly bring down inflation and "reignite explosive economic growth." The GOP nominee committed to cutting out policies from the Biden-Harris administration that stymie fossil fuel usage as well as vowed to make the country energy independent as well.