Before Elon Musk, Trump tapped another billionaire to cut costs. It didn’t end well

November 15, 2024

USA TODAY: Before Elon Musk, Trump tapped another billionaire to cut costs. It didn’t end well

Elon Musk, whose companies have received billions in taxpayer dollars, has been tapped to lead an effort to cut government spending. That includes reducing agencies that have fined his companies to settle claims of cheating and discriminating against workers, jeopardizing their safety, harming the environment and other violations.

“According to Good Jobs First, a national policy watchdog, Tesla has been forced to pay nearly $100 million in 73 enforcement actions by the Justice Department, the Securities and Exchange Commission, the Environmental Protection Agency, the Labor Department and the Occupational Safety and Health Administration.

Musk − and Ramaswamy − also could propose policy changes that allow them to save huge sums of money by cutting red tape and regulations designed to protect consumers and the environment.

Good Jobs First’s tally shows SpaceX has been penalized $4.2 million over safety, labor, environmental and aerospace violations.”

Read the full story at USA TODAY.

A picture of billionaire Elon Musk and the words: Elon Musk’s companies have received billions in taxpayer subsidies and bailouts, and he’s paid out hundreds of millions for cases involving cheating workers and jeopardizing their safety, defrauding the government, and polluting the environment.