Elon Musk Slams Trump’s Tax Bill, Warns of Job Losses and Political Fallout as Senate Moves Forward
Elon Musk Renews Criticism of Trump’s Massive Tax Bill as Senate Republicans Rush to Secure Passage
Elon Musk has once again reignited his fierce opposition to former President Donald Trump’s massive tax and spending bill, just as Senate Republicans work frantically to push it through the legislative process. On Saturday, as the Senate prepared for a crucial procedural vote, Musk took to social media platform X to slam the nearly 1,000-page bill, calling it economically destructive and strategically disastrous for America’s future.
Musk, the CEO of Tesla and SpaceX, warned that the bill would “destroy millions of jobs in America” and harm the country’s long-term economic trajectory. He criticized the legislation for supporting outdated industries at the expense of innovative and forward-looking sectors. In a strongly worded post, Musk declared, “The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country. It gives handouts to industries of the past while severely damaging industries of the future.” Later the same day, which coincided with his birthday, Musk described the bill as “political suicide for the Republican Party,” emphasizing the high stakes involved for GOP lawmakers supporting the measure.
The renewed outburst comes after Musk’s earlier, scathing condemnation of the bill, which he previously labeled as “pork-filled” and a “disgusting abomination.” His frustrations have sparked a notable rift with the Trump administration, particularly after Musk’s recent departure from his brief role as the head of the Department of Government Efficiency. Despite leaving with public praise from Trump during an Oval Office celebration, Musk soon unleashed a torrent of criticism, even threatening political consequences for lawmakers he believed had “betrayed the American people.” At one point, Musk warned he might halt political donations and even threatened to finance primary challengers against those he accused of misconduct.
Tensions between Musk and Trump reached a boiling point when Musk vaguely implied a connection between Trump and disgraced financier Jeffrey Epstein—an unsubstantiated claim that caused significant backlash. Although both parties later tried to de-escalate the feud, with Musk expressing regret for certain comments and Trump publicly downplaying the conflict, the latest criticism may once again strain their fragile détente.
The timing of Musk’s renewed opposition is particularly significant as Republican senators scramble to meet Trump’s ambitious Fourth of July deadline for passing the legislation. The bill, seen as a cornerstone of Trump’s economic legacy, narrowly cleared a procedural vote in a rare Saturday evening Senate session, allowing formal debate to proceed. However, GOP leaders are facing internal divisions, with several senators expressing concerns about the bill’s sweeping implications.
While Musk did not name specific senators in his Saturday posts, Trump took direct aim at some Republican holdouts, including Senator Thom Tillis of North Carolina. Trump accused Tillis of grandstanding with his dissent and even threatened to campaign against him in future elections—a clear sign of the mounting pressure within the party.
Though Musk’s political influence has diminished somewhat since stepping down from his government role, his wealth and past campaign donations continue to give him leverage. In 2024, Musk contributed hundreds of millions of dollars to Trump’s campaign, and insiders say he could resume political spending if sufficiently motivated by policy disputes such as this.
As the debate over the controversial bill intensifies, all eyes are on how Musk’s comments might influence public opinion and intra-party dynamics. With both economic and political implications hanging in the balance, the clash between one of America’s most influential entrepreneurs and the country’s most polarizing political figure shows no signs of slowing down.
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