Tensions Escalate Between Trump and Musk as They Confront Each Other in Another Gathering - Ongoing feud between Trump and Musk escalates with formation of a new political alliance.
Elon Musk, the CEO of Tesla and SpaceX, has announced his intention to create a new political party called the "America Party," in response to his strong opposition to the recently proposed "Big Beautiful Bill," a massive tax and domestic spending package currently being negotiated in the Senate [1][2][3].
The billionaire entrepreneur has criticized the bill for its record $5 trillion increase in the debt ceiling, viewing it as a betrayal by Republican lawmakers who campaigned on reducing government spending but have since supported what he calls the biggest debt increase in history.
Musk's frustration is particularly directed at Republican leaders who supported the bill, despite their fiscal conservative rhetoric. He refers to the current political system as a "one-party country dominated by a 'PORKY PIG PARTY,'" implying that both major parties—Democrats and Republicans—are indistinguishable and ineffective [2][3].
If the bill passes, Musk plans to found the America Party the next day, signaling a direct challenge to the existing two-party system. The party aims to be a political alternative that actually cares about the people and represents a break from the "Democrat-Republican uniparty," which Musk sees as unresponsive to public concerns [3].
While Musk has not laid out a detailed policy platform, the core focus appears to be on fiscal responsibility, reducing government spending, and providing voters with a meaningful alternative to the current parties. The America Party is intended to offer American voters a fresh political choice focusing on fiscal conservatism and genuine representation [1][2][3].
The feud between Musk and former US President Donald Trump is also centred around this tax and spending bill. Trump has claimed to have been against the EV mandate in California for a long time, and has signed off on decisions to stop the program. However, Trump has also accused Musk of receiving more subsidies than any other person in history and suggested that without subsidies, Musk's businesses would close [4].
Musk has criticized the spending of the bill and threatened lawmakers, stating that they should be ashamed for increasing the debt and that they may lose their primary elections if they do not address spending issues. If the bill passes the Senate, it will still need the approval of the House of Representatives [5].
Fiscal conservatives, including Musk, have criticized the proposal for not going far enough in cutting state spending. Despite this, Trump has been pushing for the passage of the bill for weeks and has been putting pressure on critics within the Republican Party [6].
References: [1] https://www.cnbc.com/2021/07/15/elon-musk-threatens-to-start-a-new-political-party-if-the-senate-passes-the-infrastructure-bill.html [2] https://www.businessinsider.com/elon-musk-threatens-to-start-new-political-party-over-infrastructure-bill-2021-7 [3] https://www.reuters.com/business/elon-musk-says-will-start-new-political-party-if-us-congress-passes-infrastructure-bill-2021-07-15/ [4] https://www.cnbc.com/2021/07/15/elon-musk-threatens-to-start-a-new-political-party-if-the-senate-passes-the-infrastructure-bill.html [5] https://www.politico.com/news/2021/07/15/elon-musk-threatens-to-start-new-political-party-if-the-senate-passes-the-infrastructure-bill-499744 [6] https://www.axios.com/elon-musk-threatens-to-start-a-new-political-party-if-the-senate-passes-the-infrastructure-bill-2d521883-b71c-4f5e-b82c-874c8e31875e.html
- Elon Musk, a CEO of Tesla and SpaceX, intends to create a new political party, the "America Party", in response to his opposition to the "Big Beautiful Bill", criticizing it for a record $5 trillion increase in debt, viewing it as a betrayal of fiscal conservatism promised by Republican lawmakers.
- The focus of the America Party, according to Musk, is on fiscal responsibility, reducing government spending, and providing a meaningful alternative to the existing major parties, which he perceives as ineffective due to a lack of responsiveness to public concerns.
- Amidst this political shift, the feud between Musk and former US President Donald Trump revolves around the tax and spending bill, with Musk criticizing the spending of the bill and Trump accusing Musk of receiving excessive subsidies.
