Former US President Donald Trump mentioned on Monday (native time) that he would supply tech billionaire Elon Musk a cupboard put up or advisory position if he had been re-elected to the White Home once more.
In an interview with Reuters information company, Trump was requested if Musk was being thought-about for an advisory or cupboard place. The previous president mentioned he was open to doing so “if he (Musk) would do it.”
“He is a really good man. I will surely, if he did it, I will surely do it. He is an excellent man,” Trump mentioned.
Final month, Musk endorsed Trump for president. The tech billionaire praised the previous president’s “instinctive braveness” after surviving an assassination try in Pennsylvania and expressed admiration for Trump’s vice presidential nominee, JD Vance.
Musk’s relationship with Trump has develop into more and more shut, with the 2 having a pleasant dialog on the billionaire’s platform, X, earlier this month, the place Musk reaffirmed his help for Trump’s marketing campaign.
This isn’t the primary time Musk has held an advisory position or cupboard place beneath the Trump administration.
After Trump received the election in 2016, Musk was appointed to 2 of the Republican president’s advisory councils, the place he aimed to affect environmental and immigration insurance policies. Nevertheless, the tech billionaire resigned in 2017 after Trump’s determination to withdraw america from the landmark Paris local weather settlement.
Throughout his interview with Trump at X, Musk mentioned the thought of having a “authorities effectivity fee” to supervise spending and cut back waste and mentioned he was excited by serving on such a board, in keeping with Axios.
In Might, the Wall Road Journal reported that Musk and Trump mentioned a attainable position for the billionaire within the latter’s administration if he’s re-elected. Nevertheless, Musk and SpaceX had rejected the information on the time.
TRUMP PLANS TO ELIMINATE TAX CREDITS FOR ELECTRIC VEHICLES
In the meantime, through the interview with Reuters, Trump mentioned he was planning to finish a $7,500 (about Rs 6.28 lakh) tax credit score for the acquisition of electrical autos if he was re-elected, saying, “Tax credit and tax incentives are usually not an excellent factor.” The transfer, if enacted, could have main implications for Tesla, the electrical carmaker that Musk owns.
If Trump is elected within the Nov. 5 presidential election, he might transfer to reverse Treasury Division guidelines that make it simpler for automakers to benefit from the $7,500 credit score or he might ask the U.S. Congress to get rid of it altogether, Reuters reported.
When Trump was president, from 2017 to 2021, he tried to repeal the electrical automobile tax credit score that was later expanded by President Joe Biden in 2022.
“I am not going to make any last determination on this. I am an enormous fan of electrical automobiles, but in addition of gasoline automobiles, and in addition of hybrids and no matter else comes alongside,” the previous president mentioned of the tax credit score.
Trump confused that he would get rid of Biden administration guidelines that give automakers free rein to construct extra electrical and plug-in hybrid autos to satisfy stricter emissions requirements. He mentioned he sees a “a lot smaller market” for electrical autos due to value and battery vary points.
(with info from Reuters)