WORLD NEWS

Billionaire entrepreneur Elon Musk sharply criticized the sweeping tax and spending legislation championed by former President Donald Trump, calling it a “disgusting abomination” that threatens to balloon the federal deficit. Musk’s comments, posted on his social media platform X, echoed the concerns of several fiscally conservative Republican senators, complicating the bill’s prospects in the Senate.
“I’m sorry, but I just can’t stand it anymore,” Musk wrote. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong.”
The bill, which passed the House by a narrow margin last month, would extend the 2017 tax cuts and increase spending on the military and border security. The nonpartisan Congressional Budget Office estimates it will add $3.8 trillion to the nation’s debt over the next decade, which currently stands at $36.2 trillion.
Despite Musk’s opposition, Senate Republican leaders remain committed to passing the so-called “One Big Beautiful Bill Act” by the July 4 deadline. Senate Majority Leader John Thune expressed confidence, stating, “We have a job to do... and we’re going to deliver on that agenda.”
White House spokesperson Karoline Leavitt dismissed Musk’s criticism, affirming, “The president is sticking to this one big, beautiful bill.”
Senate Republicans remain deeply divided. Deficit hawks such as Senators Mike Lee and Ron Johnson demand deeper spending cuts, while others seek to protect Medicaid and green energy investments. With a slim 53-47 Senate majority, Republicans cannot afford to lose more than three votes, underscoring the challenge of securing consensus.
The bill’s fate will hinge on negotiations over tax breaks for businesses and other provisions, as GOP senators meet with Trump at the White House this week.
Musk, who spent nearly $300 million supporting Trump’s campaign and Republican candidates last year, has recently scaled back his political spending. His outspoken opposition to the bill marks a rare public break with the former president’s agenda.