Musk Pushes Tax Code Simplification, Backed by Gronkowski

Elon Musk, tasked by President-elect Donald Trump to lead the newly formed Department of Government Efficiency (DOGE), is advocating for a drastic simplification of the U.S. tax code, which currently spans over 73,000 pages. Musk argues that simplifying the tax code would reduce inefficiencies, increase productivity, and discourage tax avoidance tactics. NFL star Rob Gronkowski has publicly supported Musk's call for simpler tax codes, emphasizing that the current complexity imposes a significant burden on Americans, who spend 6.5 billion hours annually on tax preparation. The Treasury Department, meanwhile, is proposing new rules on corporate minimum taxes, aiming to address tax avoidance among large corporations. The proposed simplification could lead to fewer tax brackets and reduced deductions, potentially impacting low-income families' benefits. Trump's administration aims to lower taxes, primarily favoring corporations and the wealthy.