Elon Musk Slams Trump’s Tax Plan, Threatens New “America Party”

Tech billionaire Elon Musk has again voiced his strong disapproval of former President Donald Trump’s proposed tax and spending plan, sarcastically dubbed the “One Big Beautiful Bill.” Musk expressed his concerns on X (formerly Twitter), hinting at the formation of a new political party if the legislation moves forward.

Musk Takes Aim at $5 Trillion Debt Ceiling Increase

Musk’s primary criticism centers around the bill’s proposed $5 trillion increase to the debt ceiling, which he sees as fiscally irresponsible. He also took a swipe at Congress, accusing them of enabling this unprecedented increase. Musk’s comments sparked a flurry of responses on social media, reigniting the debate around the proposed legislation.

Will the “America Party” Become a Reality?

Musk suggested the formation of the “America Party” should the “One Big Beautiful Bill” pass. While it’s unclear how serious Musk is about launching a new political party, his statement underscores his deep concern over the direction of US fiscal policy. This isn’t the first time Musk has expressed his political views, but his latest pronouncements signal a potential shift towards more direct political action.