Former President Donald Trump has decided to join forces with one of the most influential men on the planet, Tesla and Space X CEO Elon Musk.

The former president announced, during a speech for the Economic Club of New York on Thursday, that he would form a “Government Efficiency Commission” to conduct “a complete financial and performance audit of the entire federal government.”

“I will launch a historic campaign to liberate our economy from crippling regulation. In my first term I pledge to cut two old regulations for every new regulation. We did much better than that, as I have said,” the former president said.

“Yet over the past four years Kamala Harris added $6,300 per year in regulatory costs onto the backs of the typical American family. Think of that. To stop this onslaught and lower prices, I am pledging today that in my second term, we will eliminate a minimum of 10 old regulations for every one new regulation. We will be able to do that quite easily, actually. Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and bitcoin,” Trump noted further.

“Fourth, at the suggestion of Elon Musk, who has given me his complete and total endorsement — that’s nice. He’s a smart guy. He knows what he’s doing. He knows what he’s doing. Very much appreciated. I will create a Government Efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government making recommendations for drastic reforms. We need to do it. We cannot go on the way we are now,” he said.

He also said that Tesla CEO Musk could be the head of the commission.

“I look forward to serving America if the opportunity arises,” Musk, head of SpaceX and Starlink, wrote in a post on X on Thursday. “No pay, no title, no recognition is needed.”