Tesla Chief Executive Musk Castigates Trump's "Big Beautiful Bill" as a "Vile Monstrosity"
Revised Article:
Elon Musk, the whizz-kid CEO of Tesla (TSLA), let loose on the latest tax bill powering through Congress with an almighty blast, calling it a "filthy, loathsome aberration."
"I can't take it anymore," Musk fiercely tweeted Tuesday afternoon on his social media platform, X. "This corrupt, pig-laden, Congressional spending bill is a filthy, loathsome aberration. Shame on those who voted for it. You know you've done wrong. You know it."
Musk followed up his tweet with a warning that the bill would "dramatically ramp up the already astronomical budget deficit to a whopping $2.5 trillion (!!!) and burden American citizens with unbearable, untenable debt."
When White House Press Secretary Karoline Leavitt was quizzed about Musk's X posts during a press conference, she shrugged off his criticism, stating that it didn't affect President Donald Trump's backing of the bill.
Musk, who hung up his hat as a special government helper in the Department of Government Efficiency (DOGE) for the Trump administration last month, has refocused his attention back on his companies. His brief tenure at DOGE raised eyebrows, with critics and spectators questioning just how much change DOGE drove during Musk's short stint in Washington.
Insights: Elon Musk's critique of President Donald Trump's signature tax and spending bill, the One Big Beautiful Bill Act, stems mainly from his concerns about the bill's potential effect on the U.S. budget deficit. The bill offers substantial tax breaks and increased defense spending [1][2]. Musk fears that it will "dramatically ramp up the already astronomical budget deficit" and saddle Americans with "unbearable, untenable debt." Specifically, he pointed out that the bill could increase budget deficits by approximately $2.3 trillion over a decade as estimated by the Congressional Budget Office (CBO) [1][2]. Musk's criticism was posted on X, a social media platform, where he also hinted at possibly running against politicians who voted for the bill in upcoming midterm elections, displaying a strong political stance against the economic policies of the bill [1][2].
- Elon Musk, expressing concerns about the One Big Beautiful Bill Act, warned that it could increase the budget deficit by approximately $2.3 trillion over a decade, as estimated by the Congressional Budget Office.
- The tech mogul posted his criticism on X, a social media platform, and hinted at possibly running against politicians who voted for the bill in upcoming midterm elections, reflecting a strong political stance against the economic policies it represents.
- The debate surrounding the One Big Beautiful Bill Act has expanded to include discussions about the role of defi tokens, ICOs, and policy-and-legislation in shaping the economy, with Musk's critique attracting attention in the general news and politics circles.
