Billionaire John Paulson said he would work with Elon Musk to cut federal spending, particularly by reducing green energy subsidies, if appointed Treasury Secretary under Trump’s administration.
Paulson shared these comments during a Tuesday interview with The Wall Street Journal. “All of these tax subsidies for solar, for wind, inefficient, uneconomic energy sources. Eliminate that. That brings down spending,” he told the media outlet.
He specifically mentioned targeting green energy subsidies in the Inflation Reduction Act, which he referred to as the “Green New Deal.”
A staunch Trump ally and major donor to his 2016, 2020, and 2024 campaigns, Paulson is also a trustee of the conservative Manhattan Institute, chaired by fellow Wall Street executive Paul Singer. Trump has named Paulson a possible Treasury Secretary if he wins the 2024 election….