Trump-Musk Feud Escalates Over Tax Bill
A public feud has erupted between US President Donald Trump and billionaire Elon Musk over Trump's proposed "One Big Beautiful Bill Act," a sweeping tax-cut and spending bill. Musk has strongly criticized the bill, calling it a "disgusting abomination" that would add trillions to the national debt.
The bill is projected to add $3.8 trillion to the federal government's debt over the next decade, with the Congressional Budget Office estimating a significant increase in the national debt. Musk's criticism has sparked a divide among Republican senators, with some supporting the bill and others pushing for deeper spending cuts.
Musk took to social media to express his discontent, saying, "I'm sorry, but I just can't stand it anymore... This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination." His comments have complicated efforts to pass the bill in Congress, where Republicans hold a slim majority.
Trump has dismissed Musk's concerns, expressing disappointment and accusing him of acting in his own self-interest. The president has also threatened to terminate government contracts with Musk's businesses, including SpaceX and Tesla. Trump stated he's not interested in talking to Musk, saying, "I'm not even thinking about Elon. He's got a problem, the poor guy's got a problem.
The feud could have implications for the 2026 midterm elections, with some lawmakers concerned it may hurt their chances of retaining power. Tesla's stock dropped 14% after Musk's criticism, losing $150 billion in value. The bill's passage remains uncertain, with Republican divisions and Musk's opposition potentially complicating its path.
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