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US President Donald Trump and Elon Musk at a press conference in the Oval Office, Washington, DC, on May 30, 2025. – Reuters
- Musk criticizes lawmakers backing the bill, saying they "should be ashamed!"
- Tesla CEO’s remarks create a rift in his relationship with Trump.
- The impact of Musk’s stance on the bill’s approval is still uncertain.
Elon Musk, the billionaire entrepreneur, has once again voiced his strong criticism regarding President Donald Trump’s extensive tax cut and spending proposal. He asserted that lawmakers who supported this initiative would face consequences, despite their previous commitments to curb government expenses.
Following a period of silence after their public dispute over the legislation, Musk re-entered the conversation on Saturday as the Senate began discussing the bill, labeling it as "completely outrageous and harmful" in a post on the social media platform X.
On Monday, he intensified his tweets, stating that legislators who campaigned on reducing spending but backed the bill "should be ashamed!" He added, "Every member of Congress who promised to cut government spending and then voted for the largest debt increase in history should be embarrassed! They will lose their primary next year if it’s the last thing I do!"
Musk again advocated for the creation of a new political party, arguing that the bill’s excessive expenditures illustrate that "we currently exist in a one-party system – the PORKY PIG PARTY!"
He expressed, "It’s time for a political party that genuinely cares about the people."
Musk’s remarks appear to have strained his relationship with Trump, marking a notable change given that the tech mogul had previously contributed nearly $300 million to Trump’s re-election efforts and led a controversial federal initiative aimed at reducing expenditures.
The CEO of Tesla and SpaceX claimed that the legislation would significantly amplify the national debt, undermining the purported savings he attributed to the government efficiency initiative.
It remains to be seen how much influence Musk wields in Congress or how his opinions will affect the bill’s success. However, some Republicans worry that Musk’s oscillating feud with Trump could jeopardize their chances of maintaining a majority in the upcoming 2026 midterm elections.
Trump Responds
In reaction to Musk’s comments, Trump suggested on Tuesday that the efficiency department should examine the subsidies Tesla has received to identify potential savings. He remarked, "Elon might receive more subsidies than anyone in history. Without them, he would probably have to shut down his operations and return to South Africa. No more rocket launches, satellites, or electric car manufacturing, which would save our country a fortune. Maybe DOGE should take a closer look at that?"
Musk quickly countered on X, stating, "I am literally saying CUT IT ALL. Now."
Their relationship had soured in June after social media exchanges regarding the controversial bill, which non-partisan experts estimated would add approximately $3 trillion to the national debt.
Musk’s enterprises include SpaceX, which holds around $22 billion in federal contracts, and the Starlink satellite division. This rift with Trump has led to volatility for Tesla, with the company’s stock experiencing a decline of about $150 billion in market value on June 5—the largest single-day drop in its history—though it has since seen some recovery.
Senate Session Continues
On Monday evening, Senate Republicans were still working to push through Trump’s monumental tax and spending bill amidst internal party disagreements over its expected add-on of $3.3 trillion to the national debt.
Senators were engaged in a lengthy session known as "vote-a-rama," which involves multiple amendments from both Republicans and Democrats. This strategy is employed to navigate Senate rules that typically require a supermajority for passing legislation.
After nearly 12 hours of voting, it was still uncertain how long this session would run, as officials indicated delays stemmed from ensuring the proposed amendments met specific budgetary guidelines.
When asked if he believed the measure would pass, Republican Senate Majority Leader John Thune from South Dakota responded, "Never until we vote."
Republicans can afford to lose only three votes in either chamber for the bill to advance, given that the Democrats are unified against it. A nonpartisan assessment from the Congressional Budget Office indicated the financial implications of the bill could raise the total US debt to $36.2 trillion, estimating it would cost $3.3 trillion—$800 billion more than a similar version previously passed by the House.
While many Republicans contest this estimate, claiming that extending existing policies won’t contribute to the debt, some international bond investors are seeking to broaden their investments beyond U.S. Treasuries.
Democrats hope that the striking figure may instill enough concern among fiscally conservative Republicans to sway them against their party line. “This bill, as we’ve noted for months, robs people’s healthcare and raises their electricity bills to fund tax breaks for billionaires,” said Democratic Senate Minority Leader Chuck Schumer.
Thune defended the tax cuts, asserting they would benefit families and small businesses and highlighted necessary reforms to improve Medicaid efficiency.
A procedural vote allowed the Senate to move forward with the omnibus tax-cut, immigration, border, and military spending package on Saturday, passing 51-49 to open debates on the extensive 940-page bill. Trump expressed interest in having the legislation passed before the July 4 holiday.
This new approach highlights key events and opinions surrounding the bill, reflecting the intense political climate and the differing perspectives among lawmakers and industry leaders.
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