Elon Musk predicted that he could remove $2 trillion or more from the federal budget if appointed by former President Donald Trump to lead a government efficiency commission.

Musk was asked at a rally for Trump hosted at Madison Square Garden this weekend about how much he could remove from the current $6.5 trillion federal budget. He vowed to the attendees that “we’re going to get the government off your back and out of your pocketbook.”

“Well, I think we can do at least $2 trillion,” Musk commented. “I mean, at the end of the day, you’re being taxed. You’re being taxed. All government spending is taxation. So whether it’s direct taxation, all government spending, either it becomes inflation or it’s direct taxation, your money is being wasted, and the department of government efficiency is going to fix that.”

“America is not just going to be great. America is going to reach heights that it has never seen before,” Musk commented to a cheering audience. “The future is going to be amazing.”

Trump indeed promised in a speech last month that he would launch a government efficiency commission led by Musk, who owns social media platform X, as well as leads car manufacturer Tesla and rocket company SpaceX. Trump commented in the speech that “fraud and improper payments alone cost taxpayers an estimated hundreds of billions of dollars” and said that Musk could lead the new commission because he “has a lot of strength and courage and smarts.”

“I look forward to serving America if the opportunity arises,” Musk reacted last month on social media upon news of the planned commission. “No pay, no title, no recognition is needed.”

The multibillionaire entrepreneur, who has emerged as a prominent critic of President Joe Biden, has repeatedly expressed frustration with government red tape impacting his businesses.

Musk recently accused the Federal Communications Commission of engaging in “contemptible political lawfare” by revoking a contract between SpaceX and the federal government two years ago, contending that SpaceX could have assisted more relief efforts with Hurricane Helene in states such as North Carolina if the Biden administration had never unreasonably nixed the deal.