NEW YORK — Republican presidential candidate Donald Trump said on Thursday (Sept 5) he would establish a government efficiency commission headed by billionaire supporter Elon Musk if he wins the Nov 5 election, during a wide-ranging speech in which he laid out his economic vision for the country.

Speaking at the New York Economic Club, the former president also pledged to slash corporate tax rates for companies that manufacture domestically, establish "low-tax" zones on federal lands where construction companies would be encouraged to build new homes, and start a sovereign wealth fund.

Trump had been discussing the idea of an efficiency commission with aides for weeks, people with knowledge of those conversations have told Reuters. His Thursday speech, however, was the first time he publicly endorsed the idea.

It was also the first time Trump said Musk had agreed to head the body. Trump did not detail how such a commission would operate, besides saying it would develop a plan to eliminate "fraud and improper payments" within six months of being formed.

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