‘Just Getting Started’: Trump Dishes On DOGE, Life Advice, And Tax Cuts
On Wednesday, President Donald Trump touted how his administration was “just getting started” after the Department of Government Efficiency (DOGE) overseen by Elon Musk “saved” what he said were tens of billions of dollars.
Trump spoke about DOGE’s progress so far and other topics during an evening appearance at the FII Priority Summit, a Saudi Arabia-backed event that draws a mix of global tech executives and financiers, taking place in Miami.
“In less than a single month, the Department of Government Efficiency has already saved over 55 — this is just a short period of time — $55 billion, and we’re just getting started,” Trump said of his effort to cut wasteful spending.
Trump said the endeavor will help decrease waste, lower inflation as well as interest rates and payments, and boost the stock market. “We will rapidly grow our economy by dramatically shrinking the federal government,” he added.
"In less than a single month, @DOGE has already saved over $55 billion — and we're just getting started," says President Trump.
"We will rapidly grow our economy by dramatically shrinking the federal government." pic.twitter.com/OUYPnfUxfg
— Rapid Response 47 (@RapidResponse47) February 19, 2025
Musk got a shoutout when Trump said, “There’s even under consideration a new concept where we give 20% of the DOGE savings to American citizens and 20% goes to paying debt because the numbers are incredible, Elon.”
🚨 PRESIDENT TRUMP: "There's even under consideration a new concept where we give 20% of the @DOGE savings to American citizens." pic.twitter.com/fV8cXCtUQ9
— Rapid Response 47 (@RapidResponse47) February 19, 2025
In a question-and-answer session during his appearance, Trump shared how the best advice that he ever received in life came from his father, the late Fred Trump, who like his son worked as a real estate developer in New York City.
“You have to love what you do — and if you love what you do, you’re going to have a happy life,” Trump said, adding that people who have admiration for whatever they undertake gives them a “good chance” of finding success in their career.
President Trump says the best advice he has ever received came from his father: "You have to love what you do — and if you love what you do, you're going to have a happy life." pic.twitter.com/iEKPVLx75L
— Rapid Response 47 (@RapidResponse47) February 19, 2025
Trump also spoke about various tax cuts he wants out of Congress after he endorsed a House budget reconciliation package that would not leave this aspect of his domestic agenda to be relegated to a future bill like in the Senate GOP plan.
“We’re going to dramatically cut taxes for families and for workers and for companies, including no tax on tips, and hopefully no tax on Social Security, and no tax on overtime,” Trump said of proposals that stem back to his campaign.
Trump went on to discuss “100% expensing for new factory construction in the United States and anything else that you’re going to buy with capital” as well as his aim to “substantially cut taxes” for domestic producers of oil and gas.
PRESIDENT TRUMP: "I'll be working with the Republican Congress to pass the largest tax cuts in American history… We're going to dramatically cut taxes for families and workers including no tax on tips, no tax on Social Security, and no tax on overtime… The new Trump tax cuts… pic.twitter.com/QHU5VE2bmQ
— Rapid Response 47 (@RapidResponse47) February 19, 2025
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