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    Home»Business News»DOGE tracker: A running list of what Elon Musk and Vivek Ramaswamy say they will change
    Business News

    DOGE tracker: A running list of what Elon Musk and Vivek Ramaswamy say they will change

    VoidBy VoidDecember 13, 2024No Comments5 Mins Read
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    Elon Musk and Vivek Ramaswamy are promising to make sweeping changes through DOGE.

    Dia Dipasupil/Getty Images; Anna Moneymaker/Getty Images; iStock; Natalie Ammari/BI

    • Elon Musk and Vivek Ramaswamy aim to cut $2 trillion from the federal budget by June 4, 2026.
    • They’ve said they will fire federal employees, “delete” agencies, and publicize all of their work.
    • The DOGE leaders have name-dropped many causes they might target, like DEI efforts and public media.

    Elon Musk and Vivek Ramaswamy have big plans for the Department of Government Efficiency.

    The two have promised to significantly reduce the federal budget, with a goal of cutting $2 trillion in spending. In 2024, federal spending reached $6.75 trillion, with nine-tenths going to federal programs. President-elect Donald Trump has long sworn not to touch Social Security or Medicare benefits, which comprise a significant chunk of the budget.

    Here’s a running list of things Musk and Ramaswamy have said they will do as they gear up to take on this new role.

    Representatives for Musk and Trump did not respond to Business Insider’s request for comment. A representative for Ramaswamy declined to comment.

    Slash regulations

    Musk and Ramaswamy plan to suggest regulations to cut to Trump, whom they said could then use executive actions to pause the regulations and begin the removal process.

    The co-heads outlined their ideas in an opinion piece in The Wall Street Journal and explained that they plan to lean on two recent SCOTUS rulings, West Virginia v. Environmental Protection Agency and Loper Bright Enterprises v. Raimondo. The cases, they said, “suggest that a plethora of current federal regulations exceed the authority Congress has granted under the law.”

    Some legal experts previously told BI that the DOGE leaders are misinterpreting the lawsuits, which they said do not add to the executive branch’s ability to curb regulations. Under the rulings, agencies still need to comply with a lengthy administrative process to change or overturn rules, the experts said.

    ‘Delete’ entire agencies, or at least vastly change them

    A key part of DOGE’s cost-cutting agenda has to do with scaling back government agencies — Ramaswamy promised that the group will “delete” entire departments. Political scientists and fellows at Washington think tanks previously told BI that deleting departments outright almost always requires congressional approval, making DOGE’s goal seem unrealistic to some. There are more than 440 government agencies; Musk has said he wants to trim that down to no more than 99.

    Here are some of the agencies DOGE plans to target:

    Department of Education: Trump has said he wants to abolish the Department of Education for years. In a post on X, Ramaswamy endorsed the idea, and did so again while speaking to Fox News in November. The department has the smallest staff of any Cabinet agency, employing fewer than 4,500 full-time equivalent employees. For the fiscal year 2024, it had a $90 billion budget, which is less than 11% of the defense budget of $842 billion.

    Department of Defense: Musk and Ramaswamy have also criticized the Department of Defense, with the Tesla CEO criticizing the Pentagon’s F-35 jets in a string of X posts. In their lengthy op-ed, the two called out the Pentagon’s $842 billion budget, writing that “the agency’s leadership has little idea how its annual budget” is spent. In sum, 13% of the federal budget goes toward defense initiatives, operations and maintenance, the military workforce, and procuring weapons.

    Consumer Financial Protection Bureau: The Consumer Financial Protection Bureau is another target — Musk said in a post on X, “Delete CFPB. There are too many duplicative regulatory agencies.” Republicans have bashed the CFPB for years, which was created after the Great Recession to protect consumers. In 2024, the CFPB had almost 1,800 full-time equivalent positions and an annual budget of $762.9 million, according to the agency’s annual performance report. Previous attempts to dismantle the independent financial agency have failed.

    Internal Revenue Service: Musk has mentioned simplifying the tax code and has asked his followers whether the IRS should be deleted in posts on X. Ramaswamy has also posted about the IRS — he retweeted an article explaining that the agency risked losing $20 billion in funding with the caption, “This is not a bad thing.” In 2024, the IRS had a $14.1 billion budget; in 2023, the IRS employed just shy of 83,000 full-time-equivalent positions.

    Planned Parenthood and public media may be impacted

    Musk and Ramaswamy criticized the Corporation for Public Broadcasting and “progressive groups like Planned Parenthood” in their op-ed. They said that DOGE will try to curb federal spending “by taking aim” at the funds appropriated for those services, among others.

    The CPB is the largest funding source for public radio, television, and online services, primarily for local public media — in fiscal year 2024, it had a budget of ” in the government.

    Ramaswamy said in his own posts that DOGE could be used to address subsidies from the CHIPS Act, DEI efforts at universities, and how the federal government buys technology services.

    Read the original article on Business Insider
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