President Donald Trump emphasized that his administration was “just getting started” on Wednesday after the Department of Government Efficiency (DOGE), led by Elon Musk, allegedly “saved” what he claimed were tens of billions of dollars. Trump discussed DOGE’s progress and other topics during an evening appearance at the FII Priority Summit, a Saudi Arabia-backed event that attracts a mix of global tech executives and financiers, held 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 stated that this endeavor will help reduce waste, lower inflation, decrease interest rates and payments, and boost the stock market. “We will rapidly grow our economy by dramatically shrinking the federal government,” he added, per the Daily Wire.
“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.” During a question-and-answer session at his appearance, Trump revealed that the best advice he ever received came from his late father, Fred Trump, who, like his son, was a real estate developer in New York City.
? 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
“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. Trump also discussed the various tax cuts he hopes to see from Congress, after endorsing a House budget reconciliation package that ensures this part of his domestic agenda isn’t pushed to a future bill, as outlined in the Senate GOP plan.
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
“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. The president then 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
