Billionaire technology entrepreneur Elon Musk has reignited his opposition to the broad tax-cut and spending bill supported by ex-President Donald Trump, dubbing it a "Big, Beautiful bill" in mocking allusion and threatening political repercussions for senators voting in its favor.
While the U.S. Senate is holding a day-long voting session, Musk stated that he would start a new political movement—the "America Party"—if the bill passes.
Swiping to his social media site X, Musk didn't pull his punches. "If this crazy spending bill is passed, the America Party will be created tomorrow. Our nation needs a choice to the Democrat-Republican uniparty so the people finally have a VOICE," he wrote, lambasting what he sees as a bipartisan failure to act in public interests.
Musk's fresh broadside follows a time of comparative quiet after his falling out with Trump over the contentious legislation. The bill, which mixes sweeping tax reductions with lavish federal expenditures, has precipitated bitter splits within the Republican Party. Musk, who was a vocal booster and heavy financial supporter of Trump's 2024 re-election campaign, has now openly defected.
Scolding GOP legislators who previously ran on fiscal conservatism, Musk stated, "Those who ran on balancing the books but who are voting for the bill ought to hang their heads in shame!" He also warned the legislators that they might have serious political repercussions. "And they will lose their primary next year if it is the last thing I do on this Earth," he stated.
Musk's political break with Trump is a dramatic departure from their hitherto collaborative relationship. Musk previously led the Department of Government Efficiency (DOGE), a federal program aimed at reducing expenditures, which he quit late last month amid heightened tensions. The CEO of Tesla and SpaceX also invested close to $300 million in Trump's 2024 campaign.
His strongest argument is that the bill would swell the national debt and reverse any fiscal savings realized under DOGE. He has consistently branded the bill "utterly insane and destructive," claiming that it goes against the very fundamentals of fiscal responsibility that many Republicans purport to espouse.
The Senate is now in the process of an intense series of votes on the bill, with Republicans haggling over amendments with a hope to wrap up the bill by July 4—a deadline imposed by Trump himself.
As the heated debate roars on, Musk's promise to shake up the political scene with a new party reflects increasing fractures in the GOP and questions surrounding the power of high-profile entrepreneurs within American politics.
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