Federal budget cut plan: D.O.G.E. plans to cut the IRS budget, with 60.6% of respondents supporting the complete elimination of the agency’s budget, while only 5.6% want to increase funding.
Other federal agencies targeted: Musk has criticized agencies like the CFPB and proposed abolishing the Department of Education. Ramaswamy also agrees that this department is wasteful.
Impact on cryptocurrency market: Political developments often influence Dogecoin, the cryptocurrency Musk supports. The value of Dogecoin surged significantly after Trump’s victory.
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