Elon Musk’s New Government Role Could Delay Billions in Taxes 😱
Elon Musk could potentially defer billions in capital gains taxes by joining the proposed “Department of Government Efficiency” (#DOGE ) under President-elect Donald Trump. Announced as part of Trump’s transition team, #Musk and #Vivek Ramaswamy would lead the initiative to cut federal expenditures. Although DOGE lacks formal legislative approval, Republican control of Congress in 2025 could facilitate its establishment.
Musk’s role could create significant conflicts of interest, particularly given his companies’ reliance on government contracts. Critics have raised concerns over his influence on federal budgeting. Ramaswamy suggested the department would dissolve by 2026, after achieving its goals.
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