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Trump Vows to Appoint Cabinet Member Focused on Reducing Cost of Living
Trump vows swift action on high prices, proposing a “cost-cutting” Cabinet position.

Former President Donald Trump announced a bold initiative on Thursday aimed squarely at alleviating the economic pressures facing American families. Speaking at a rally in Albuquerque, New Mexico, he pledged to create a new Cabinet position dedicated exclusively to reducing the cost of living if elected. This senior administration role would focus on slashing expenses and bringing “emergency price relief to all Americans.”
“I will create a new Cabinet position for a senior member of my administration who will be tasked exclusively with doing everything in the federal government’s power to reduce the cost of living,” Trump declared to an enthusiastic crowd.
With Americans overwhelmingly concerned about inflation and the rising cost of essential goods, Trump’s move is a timely appeal to voters feeling the squeeze. Polls show the economy remains the top priority for the 2024 election, with households nationwide struggling to keep up with price hikes on groceries, gas, and rent. Trump’s proposed new position would take on these issues with urgency:
Day-One Action: Trump pledged to issue an executive order on his first day back in office directing all federal agencies to “immediately remove every single burdensome regulation driving up the cost of goods.” This streamlined approach could potentially reduce bureaucratic roadblocks that fuel inflated costs in everything from energy production to food distribution.
Private Sector Expertise: Trump indicated he might tap billionaire entrepreneur Elon Musk, CEO of Tesla and owner of X, to informally advise his administration on cost-cutting. While Musk’s business obligations prevent him from serving in an official Cabinet role, Trump suggested Musk would be a valuable asset in finding efficiencies across federal expenditures. “Elon wants to be in charge of cost-cutting,” Trump told Fox News, noting that Musk’s experience managing massive enterprises could help rein in federal overspending.
Trump’s economic focus couldn’t come at a better time for many Americans. A Gallup poll conducted last month revealed that 66% of Americans view the economy as a top concern, with a significant number citing the relentless rise in grocery prices as a major issue. While his 2024 opponent, Vice President Kamala Harris, recently promised to tackle high costs, her solutions have centered primarily on “price gouging” in the food industry, leaving many wondering if her approach will be enough.
Trump’s plan goes beyond quick fixes. Earlier this week, he proposed an aggressive measure to seize assets from drug cartels and criminal gangs, redirecting those funds to support Americans affected by migrant-related crime. Taken together, Trump’s policy approach underscores his commitment to returning financial control and security to ordinary Americans.
If elected, Trump’s administration would have a distinct focus on economic relief, enacting reforms designed to ease the financial burden on middle- and working-class families. His proposal to create a Cabinet role with a laser focus on cost-cutting reflects his belief that Americans deserve a government that works directly to lower living costs.
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