Elon Musk Criticizes Trump's Tax Bill and Plans to Launch 'America Party'

Elon Musk, who was once a close ally and advisor to Donald Trump, is strongly criticizing the US president's massive spending bill, calling it insane and a burden on taxpayers. Musk accused Republicans of betraying fiscal conservatives and suggested the need for a new party that cares about the people.

He threatened to create a new 'America Party' if the bill passes. The Senate is currently holding a marathon vote series to pass the legislation, which is crucial for Trump's second term.

Musk, who had previously supported Trump and donated over $250 million to his campaign, has been consistently speaking out against the tax bill. In his latest remarks, he criticized lawmakers for passing a bill that he believes will harm ordinary Americans.

The bill, titled 'One Big, Beautiful Bill,' is part of Trump's second-term agenda and includes increased funding for defense, energy production, and border security, along with cuts to nutrition and healthcare programs. The Congressional Budget Office estimates that the bill would raise the national deficit by nearly $3.3 trillion over the next decade.

Musk also targeted prominent Republican lawmakers for their support of the bill, questioning their commitment to fiscal responsibility. He warned that voters would hold them accountable and threatened to form the 'America Party' if the bill is approved.

Earlier, Musk was set to lead a Department of Government Efficiency, but the partnership with Trump fell apart due to disagreements over government spending. The once-political allies are now engaged in a public feud that shows no signs of reconciliation.

According to the source: India Today.