Trump’s Billionaire Ally Plans To Join Elon Musk’s DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies
Posted On October 30, 2024
John Paulson, a billionaire investor and a close ally of former President Donald Trump, has revealed his plans to work with Elon Musk on substantial federal spending cuts if he were to be appointed Treasury secretary in a second Trump administration.
What Happened: Paulson expressed his intentions to extend Trump’s 2017 tax cuts and collaborate with Musk to reduce federal spending, particularly by eliminating subsidies for green energy in the Inflation Reduction Act, which he referred to as the Green New Deal, reported The Wall Street Journal on Tuesday.
“All of these tax subsidies for solar, for wind, inefficient, uneconomic energy sources. Eliminate that. That brings down spending,” Paulson said.
Paulson, …
About The Author
