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Howard Lutnick says Elon Musk committed to cut $1 trillion

Howard Lutnick says Elon Musk committed to cut $1 trillion Howard Lutnick says Elon Musk committed to cut $1 trillion

Nearly a month has passed since Musk began his volunteer position with DOGE under the White House Office of Management and Budget. DOGE is examining the Education, Homeland Security, and Treasury departments and, most recently, NASA. The team hopes to accomplish all of its work by July 4, 2026.

“When I set up DOGE with Elon, back in October, I flew down to Texas, got Elon Musk to do it, and here was our agreement, that Elon was going to cut $1 trillion of waste, fraud, and abuse,” Lutnick said on Fox News’s Jesse Watters Primetime. “So he’s going to cut 1 trillion, and then we get rid of all these tax scams that hammer against America, and we are going to raise $1 trillion of revenue. And our objective under Donald Trump is to balance this budget, and I’m telling you, you watch, we are going to do it.”

Lutnick went on to detail his strategy to use America’s “consumer-based economy” in the country’s own favor with tariffs against foreign goods to encourage Americans to buy American.

“The Chinese can’t live without selling us stuff,” Lutnick explained. “We’ve got the power. We have to use tariffs.”

Legal challenges have obstructed DOGE’s efforts. While a lawsuit attempting to keep DOGE out of the data from the Labor Department was dismissed, and another attempt from 13 Democratic attorney generals was similarly thrown out, one U.S. district judge ruled against the department accessing the U.S. Treasury.

KAT CAMMACK SAYS DEMOCRATS WON’T CONCEDE ‘THE GOOD IN ROOTING OUT WASTE’ BY DOGE

President Trump is attempting to win Americans over to DOGE’s side by supporting “DOGE dividends” to pay taxpayers back the savings from the federal budget.

Lutnick is Trump’s most recent Cabinet nominee. Four positions remain as of Thursday, which marks a month since Trump took office.

This article was originally published at www.washingtonexaminer.com

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