President Donald Trump on Wednesday touted Vice President JD Vance's anti-fraud efforts and claimed Republicans are uncovering enough government fraud to potentially balance the federal budget, while accusing Democrats of resisting investigations because they are "in on the act."In a Truth Social post, Trump praised Vance and Republican officials for what he described as a nationwide effort to identify fraud and waste in government spending."Vice President JD Vance and Republicans are doing a great job hunting down Fraud in the various States," Trump wrote."Billions of Dollars is being found, and we've just started!"Trump's comments come as the administration has sought to highlight anti-fraud efforts led by Vance.
In April, Fox News Digital reported that Vance's newly created anti-fraud task force had identified nearly $6.3 billion in government contracts believed to be tied to potentially fraudulent businesses.Officials said nearly 400 businesses would be required to prove they had legitimate operations and physical addresses.JD VANCE'S TASK FORCE FLAGS NEARLY $6.3B IN GOVERNMENT CONTRACTS GOING TO POTENTIALLY FRAUDULENT BUSINESSESVance says anti-fraud funding will be cut to states that don't respond to Medicaid letters.(Chip Somodevilla/Getty Images, File)The president argued that the amount of fraud being uncovered could have major implications for federal spending and taxes."If we found it all, we would literally be able to balance the Budget, and simultaneously reduce Taxes, cutting them even more than I have already done, which is a RECORD!" Trump wrote.Trump did not provide evidence that fraud findings identified by Republicans would be sufficient to eliminate the federal deficit.
While the president argued uncovering fraud could eventually balance the budget, the administration has not publicly released figures showing identified fraud totals approaching the size of the annual federal deficit.BESSENT SAYS MINNESOTA FRAUD RECOVERY COULD HELP FUND TRUMP’S...