Elon Musk Renews Attack on Trump Tax Bill as Senate Advances Debate
Elon Musk Renews Attack on Trump Tax Bill as Senate Advances Debate
Elon Musk has reignited his strong opposition to President Donald Trump’s extensive tax and spending cuts bill, warning it would decimate American jobs and cripple emerging industries. His renewed criticism comes as the Senate narrowly advanced the nearly 1,000-page legislation late Saturday, paving the way for full debate ahead of a critical Fourth of July deadline.
Musk, the CEO of Tesla and SpaceX, took to X on Saturday to assert that the proposed bill would lead to ‘millions of jobs’ being destroyed and cause ‘immense strategic harm’ to the nation. He accused the legislation of favoring ‘industries of the past’ while severely undermining those of the future, even going so far as to label it ‘political suicide for the Republican Party.’
This latest broadside reopens a recent contentious period between Musk and the Trump administration, from which he recently departed. Despite a brief reconciliation, Musk has consistently expressed his disdain for what he previously called a ‘pork-filled’ and ‘disgusting abomination’ of a bill.
The wealthy GOP donor, who poured hundreds of millions into Trump’s 2024 campaign, continues to be a significant voice, even as his political influence has reportedly waned since leaving the administration. Meanwhile, President Trump has intensified pressure on Republican holdouts in the Senate, publicly criticizing dissenting senators as the chamber moves forward with the contentious bill.
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