Elon Musk Denounces Trump’s Tax and Spending Bill as a ‘Disgusting Abomination’
TL/DR –
Elon Musk, the billionaire tech entrepreneur, publicly criticized US President Donald Trump’s tax and spending bill, calling it a “disgusting abomination.” Musk, who recently departed the White House after steering its Department of Government Efficiency with the mission of reducing fraud and abuse within federal departments, argued that the bill would significantly increase the budget deficit to $2.5 trillion and burden America with unsustainable debt. His comments sparked support from some Republicans as well as rebukes from supporters of the proposed legislation, such as House Speaker Mike Johnson, who defended the bill as a critical first step.
Elon Musk Slams Trump’s Tax and Spending Bill
Elon Musk, billionaire tech tycoon, has vocally opposed Donald Trump‘s recent tax and spending bill, labeling it a “disgusting abomination”.
This move might encourage Republican senators to rebel against Trump during crucial discussions regarding this “one big, beautiful bill” on Capitol Hill.
Musk, a past critic of the proposed legislation, voiced his dissatisfaction on his X social media platform, stating this bill would massively expand the already immense budget deficit to $2.5 trillion and increase America’s debt.
Musk, a major Trump campaign donor, left the White House last week after leading the “Department of Government Efficiency” (Doge). He argues this Republican bill will hinder Doge’s mission and propel the US further into debt.
House speaker, Mike Johnson, defended the bill, whereas the Republican-led Senate appeared more diplomatic. The bill, currently under Senate consideration, aims to pass a revised version by July 4th. Certain fiscal conservatives like Senators Ron Johnson and Rand Paul support Musk’s concerns for meaningful spending cuts.
The bill prolongs Trump’s 2017 tax cuts and introduces new spending for military and border security. Despite projections indicating a substantial increase in the deficit, White House officials argue the economic growth from tax cuts will balance the additional expenditure.
However, Democrats caution the budget would escalate healthcare costs for millions and cause countless to lose coverage to fund billionaires’ tax cuts. A recent analysis by Yale University and the University of Pennsylvania suggests it could result in over 51,000 preventable deaths.
Senate minority leader, Chuck Schumer, and independent senator from Vermont, Bernie Sanders, both expressed agreement with Musk’s condemnation of the bill.
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