— CSPAN (@cspan) September 5, 2024 Mr Trump spoke about how improper and fraudulent payments cost US taxpayers an estimated "hundreds of billions of dollars" in 2022. He announced that the commission will create an action plan to eliminate payments within months and added that it will "save trillions of dollars", according to the video posted by CSpan on X. Donald Trump said, "In 2022, fraud and improper payments alone cost taxpayers an estimated hundreds of billions of dollars. As the first order of business, this commission will develop an action plan to totally eliminate fraud and improper payments within six months. This will save trillions of dollars trillions. It's massive for the same service that you have right now, trillions of dollars is wasted and gone, and nobody knows where it went further, taming inaction and bringing prices way down." He also pledged to make 'Trump tax cuts' permanent and announced that there will be no tax on tips. He alleged that US Vice President Kamala Harris copied his plan and announced to impose no tax on tips. He claimed that Kamala Harris will not move ahead with it and will stick to her plan. Mr Trump said, "The 5th pillar of my plan is to make the Trump tax cuts permanent. They are massive tax cuts, biggest ever permanent and to cut tax even more, and we will have no tax on tips, something which they copied four weeks after I said it. She got upset and said no tax on tips. I said I just said that she is actually copying a lot of my plan. In fact, we're going to send her a MAGA sometime in the next week....But we also know she doesn't mean it. She's going to stick with what has been about and also no tax on Social security benefits." Pledging to save social security, Donald Trump said that he will not impose tax on the benefits of people in social security, stressing that they have been wiped out by inflation. Mr Trump said, "People in social security have been wiped out by inflation and now on top of it, we tax their benefits. We're not going to tax their benefits. We have so many different ways of making so much money. This country, the potential is so incredible. We don't have to take it away from people on social security. We're not going to do that. We're going to save social security. She's going to destroy Social Security." The former US President said that his administration has proved that targeted tax cuts do not increase the deficit. He said that it reduces the deficit by growing the economy and raising revenue, according to the video posted by CSpan on X. He said, "After we gave the massive tax cuts, we took in the following year with a much lower rate. Billions and billions of dollars more than we did the previous year with a high rate, think of that. So, with a much lower rate, we took in more money because people were incentivised." Speaking about reducing the corporate tax burden, Mr Trump said he plans to reduce the corporate tax rate from 21 per cent to 15 per cent for companies that make their product in the US. Promoted