Summary

Donald Trump appointed billionaires and major donors like Elon Musk and Vivek Ramaswamy to lead his new “Department of Government Efficiency” (DOGE), aiming to cut $2 trillion from federal spending and dismantle regulations.

DOGE will operate outside federal oversight, focusing on slashing programs and weakening regulatory agencies, including the IRS and Department of Education.

Critics warn that DOGE and broader deregulatory measures will benefit wealthy corporations, aligning with Trump’s agenda to extend tax cuts for the rich and favor oligarchic interests over public welfare, further cementing U.S. plutocracy.