Trump, Musk interview: Top business takeaways

Former President Donald Trump joined X.com owner and Tesla CEO Elon Musk on Monday night after what Musk claimed was a “massive DDOS attack” on the platform which caused multiple delays and technical issues for viewers. Trump spent most of the conversation making baseless claims and reiterating talking points from previous rallies. Going into the conversation, shares of Trump Media & Technology Group (DJT) were on the down trend, and continued their losses on Tuesday morning.

Veda Partners managing partner and director of economic policy research Henrietta Treyz joins Morning Brief to give insight into the conversation and what it means for Trump moving forward.

Treyz comments on a point Trump made in his conversation about how Musk shutting down pushback from previous employees: “You really have to think how that particular soundbite played with union workers. The former president’s path to the election runs straight through Pennsylvania, which has an enormous union coalition and presence. And effectively, he’s, praising the exact opposite of that”.

She continues with another point about potential tax and federal policies Trump would like to implement: “Next year we have to pass a tax bill and extending all of Trump’s tax cuts from 2017 is going to cost $4.6 trillion. The one thing that I heard from them last night is that they would eliminate the Department of Education to streamline federal efficiency. When you’re trying to offset a $4.6 trillion tax cut extension, eliminating the Department of Education is just not going to do the job. So I think they’re going to need to have to spitball a lot more specific policy ideas, most of which will have to include not extending some of those tax cuts. They’re just too expensive if you’re also going to prioritize efficiency.”

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This post was written by Nicholas Jacobino