"Repugnant Abomination" Musk BLASTS Trump's "Big beautiful bill"
Musk Vents His Displeasure Towards Trump's "Magnificent Monsterful Measure"
Elon Musk, Tesla CEO and former Trump confidant, brutally criticizes Trump's tax and spending bill, branding it a "repugnant abomination." He predicts a $2.5 trillion deficit, a staggering increase from the $1.8 trillion deficit in 2024.
Known as the "big beautiful law," the bill pushes for permanent tax cuts from Trump's first term, funded by cuts to social benefits. Passed in May with a narrow majority by the House of Representatives, several Republican senators oppose the bill, citing concerns over the planned debt ceiling increase.
The White House Dismisses Musk's Critique
White House spokesperson Karoline Leavitt shrugs off Musk's criticism, responding, "The President already knows what Elon Musk thinks of this law." The President stands firm by the bill.
Musk Speaks His Mind
Although Musk had previously expressed "disappointment" in the bill in more subdued terms, he's now had enough: "Sorry, but I can't take it anymore." Senator Bernie Sanders, a Democrat, supports Musk's criticism, highlighting the bill's disproportionate tax cuts for the rich versus cuts to food assistance for the needy.
Musk's influence in Trump's circle has waned in recent months, with donations exceeding $250 million to Trump's campaign. His resignation from government positions sparked by conflicting restrictions on external government officials' contracts.
A Controversial Bill
The controversial tax and spending bill, with its potential for larger deficits, has sparked debate among political and economic perspectives. As the debate rages on, it's clear that the bill is a lightning rod for criticism, even from unexpected corners.
Source: ntv.de, as/dpa
Pertinent topics:- Elon Musk- Donald Trump- Tax policy- Tax cuts- Tax reform- Budget policy- Austerity- Bernie Sanders- USA
- Despite his past support, Elon Musk, the CEO of Tesla, has been vocal about his criticism of Donald Trump's tax and spending bill, known as the "big beautiful law," which cuts social benefits to fund permanent tax cuts from Trump's first term.
- The controversy surrounding the tax and spending bill, with its disproportionate tax cuts for the rich versus cuts to food assistance for the needy, has sparked debate among various political and economic perspectives, even drawing support from Senator Bernie Sanders and criticism from Elon Musk.
