Millionaire Elon Musk took the X, formerly Twitter to release the scary criticism of the new expenses and tax law of President Donald Trump.
“I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork congress expenditure law is disgusting abomination. Shame to those who voted for it: you know you did wrong. You know it,” Musk published.
His notes came days after withdrawal from the short -term post to Trump’s administration, which led the federal initiative for reforming expenditure within the Ministry of Government Efficiency (DOGE). Tesla recorded a decline in sales of EV, a wound attributed to Muska’s connection with the controversial policy of Trump.
Speaker Johnson hits back: “Elon is terribly bad”
House Speaker Mike Johnson hit Muska’s criticism and called her “very disappointment”. “With all respect, my friend Elon is wrong about one big beautiful account,” said Johnson, who claimed he spoke to Musk for more than 20 minutes.
White House: “President knows where Musk stands”
Press Secretary Karoline Leitt downplayed Musk’s notes, suggesting that they would not affect the direction of administration. “The president already knows where Elon Musk was standing on this law. It does not change the President’s opinion. It is one big, beautiful account and holds it,” she said.
MUSK: “Big or beautiful, not both”
Just a few days earlier, Elon Musk expressed criticism of Trump’s tax and expenditure law, warning that this could worsen the federal deficit and derail efforts to reduce costs by the Ministry of Government (DUGE), which he briefly led.
“I think the account can be big or it could be beautiful. But I don’t know if it could be both,” Musk said in an interview with CBS.
“It increases the budget deficit and undermines the work of the DOGE team.”
Trump’s term 4 July
Last week, the bill went through the Chamber of Deputies and is now heading towards a hard voting in the Senate. Trump urges the SWIFT action of the Senate to obtain legislation on the table by independence. “Big, beautiful Bill is a historical opportunity to turn our country,” Trump said.
He added, “Work as fast as they can get this account on my table before July.”
He organized meetings with closed doors with the leaders of the Senate GOP and made personal calls for individual senators to shift the bill forward.
Bill’s range: 4 trillion dollars in tax cuts, deep cuts of expenditure
It is assumed that the bill on the house will reduce federal income by $ 4 trillion in $ 10 and increase the deficit by $ 2.5 trillion. It expands tax cuts in 2017 and adds new-in addition to the tips of tips-A at the same time reduces safety programs such as Medicaid and Food Stamps.
- Phase of tax relief from bidnes for electric vehicles and green energy
- Allocates $ 350 billion to security and border deportations
- Increases the debt ceiling by $ 4 trillion
- It deposits work requirements for the beneficiary of the safety
- It is estimated that 8.6 million could lose health coverage and almost 4 million can lose food help.
Democrats hit back: “Tax relief for very rich”
Chuck Schumer, the leader of the Senate, described the proposal as “ugly to his core”, which coped with Muska’s criticism.
“Behind the smoke and mirrors lies the cruel and draconian truth: tax relief for ultra -rich paid healthcare burning for millions of Americans,” Schumer said.
Also read | What is “revenge tax” Section 899 One big beautiful account?
Rand Paul resists, “I can’t be in good conscience”
Senator Rand Paul became a key possession of GOP and protested against a ceiling trip to the ceiling of $ 4 trillion included in the bill.
“Rand votes not about everything, but never has any practical or constructive thoughts.
Paul replied, “I like the president, supported the President. But I can’t give up in a good conscience every principle I stand for, and any principle I was elected to.”
Treasury warns against the imminent default
Finance Minister Scott Bessnt warned that the US would run out of debt by mid -July or early August to fulfill their obligations.
Also read | Trump threatens to impose fines after a “biological man” compete in the girls’ final
Senate adjustment on the table
Legislators discuss possible improvements to the version of the house, including:
- Revision of the proposed ceiling of salt $ 40,000
- Re -evaluation 35 $ Medicaid Copay
- Restoring taxes of providers essential for rural hospitals
The Senate is expected to vote narrowly and reflect a one -off span in the house.
With the approaching date of 4 July, Trump’s “large, beautiful account” faces hard resistance-from democrats, political experts and even one-off allies like Elon Musk.
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