The final countdown to the U.S. presidential election has begun. On October 27, Trump held a six-hour rally at Madison Square Garden in New York, supported by allies including Musk, who jointly called on voters to back Trump in “revitalizing America.” Musk also mentioned during the rally that if Trump is elected, he would cut government spending by up to $2 trillion, declaring, “We won’t waste taxpayers’ money,” which garnered enthusiastic support from the crowd.
Trump Criticizes Harris’s Policies, Musk Promises $2 Trillion in Spending Cuts
At the rally, Trump harshly criticized Democratic presidential candidate Kamala Harris, focusing mainly on issues related to the border, crime, and the economy, urging supporters to defeat Harris and the radical left together. Trump also claimed that if elected, he would appoint Musk to lead the government’s efficiency department (DOGE) to oversee spending cuts. Musk immediately expressed his support for Trump and promised to help reduce government spending, asserting that he could eliminate up to $2 trillion in expenditures without wasting taxpayers’ money. According to data from the U.S. Department of the Treasury, the U.S. government spent $6.75 trillion in 2024, so Musk’s promised cuts would account for nearly one-third of the current spending. According to Bloomberg, citing U.S. federal filings, Musk has donated up to $132 million in political contributions to support Trump and other Republican candidates in 2024, making him one of the most active political donors in this election cycle and elevating him to the top tier of political financiers.
Source: Musk’s X
Musk’s Involvement in Government Financial Oversight Raises Questions
While Trump claims he would invite Musk to participate in government financial oversight if elected, this proposal has drawn skepticism from the public, who point out that Musk has substantial business ties to the government, with companies like Tesla and SpaceX relying on billions of dollars in contracts and tax incentives from the U.S. government, which could lead to conflicts of interest.
(Trump plans to establish a government efficiency committee led by Musk)
Musk’s America PAC Cash Donation Program Continues Amid Government Warnings
Despite recent warnings from U.S. authorities regarding the potential violation of federal campaign laws related to Musk’s “Daily $1 Million Cash Donation Program” operated by his America PAC, Musk remains undeterred. Just three hours before Trump’s rally in New York, he continued to draw names of voters to receive $1 million, as seen in the image below of the lucky voters from the ninth group of the cash donation program.
Source: Musk’s X
(The U.S. Department of Justice issued a warning to Musk’s America PAC cash donation program, which may violate federal campaign laws)