Tech billionaire Elon Musk, once close to US President Donald Trump assistant, launched a campaign against Trump’s “big beautiful account”. Since he resigned from Trump’s administration as head of the US Ministry of Government (DOGE), Musk has increased his criticism of the tax law. To date, he has created a dozen posts or reports on X, which criticized the bill.
About Trump’s “big beautiful account”
Trump’s self -written “large, beautiful account” includes a large tax reduction and expands military expenses. According to AFP, it is expected to add $ 2.4 trillion to the US deficit to a $ 10 -year horizon, despite deep cuts for health and food aid programs.
Trump’s large account is trying to extend tax cuts approved in 2017, during the first period Trump in the White House. The package also includes a massive accumulation of $ 350 billion for border security, deportation and national security.
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This also includes an increase of $ 4 trillion to the $ 36 trillion debt limit, which, according to this summer, requires the Department of the Ministry of Finance to pay the accounts of the nation.
The bill is expected to reduce federal expenses by $ 1.3 trillion, but also see a decline in revenue by $ 3.7 trillion, according to the latest analysis of the Congress Budget Office (CBO). CBO would say earlier that it would be 10.9 million more people without health insurance.
However, American senator Markwayne Mullin explained: “How one big beautiful account will bring back production and slash expenses.”
The bill narrowly passed the House of Representatives and is now waiting for the Senate vote.
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Musk Slams Trump’s New Tax Account
In his last salt, Musk urged the Americans to lobby for the congress to “kill an account”. He also warned that “America is in a quick lane to debt slavery”. In his many posts and retweech, Musk dubbed “trillion dollars a big beautiful account” as’Debt slavery law ‘ or “a big ugly account”.
Musk also described the bill on Tuesday as “disgusting abomination”. “I’m sorry, but I just can’t stand it anymore,” Musk said on X.
Musk had previously criticized Trump’s signature, but before Tuesday afternoon his rhetoric was much more limited and mute. SpaceX and Tesla CEO announced his departure from Trump’s administration on May 29.
Musk, who became a Trump “first friend” during the US election campaign, said CBC News: “I think the account may be big or it could be beautiful. I don’t know if it could be both.”
The White House wiped criticism and said Trump “already knows where Elon Musk stood,” AFP reported. Meanwhile, Trump has to respond personally to Muska’s social media. He was “caught outside the guard”, but “not quite surprised” by Musk’s opposition, said a higher NBC News official.
Why Musk is against Trump’s tax account
1. Musk believes that the new law of Trump will increase the budget deficit and undermine the work of the DOGE team. “It’s more than just the defeat of all the cost savings that the @doge team has achieved at a high personality cost and risk,” Musk Published on X.
As a head of DOGE, Musk helped Trump to reduce “unnecessary” expenditures by announcing bulk dismantling and closing the government departments.
2. Musk claims that this “expenditure account contains the greatest increase in debt ceiling in American history”. Post for X, Reshared by Musk, said Trump’s account “is a multi-billion debt bomb tied to tax cuts. Will make you a slave ”.
3. The “big beautiful account” is expected to reduce the subsidies beneficial to Tesla, Musk’s electric car cars. Sources familiar with the Trump-MUSK Axios relationship said that tax legislation reduces the tax credit to electric vehicles that helps car manufacturers like Musk’s Tesla.
4. Axios also said, quoted sources that Musk He tried to remain Dog’s head as a “special government employee” after 130 days. “In the end, however, White House officials said it could not serve in this capacity,” the report added.
5. The sources also claimed that Musk also wanted the Federal Air Administration (FAA) to use its Starlink satellite system to control national air traffic. However, administration “feared” for it because of the appearance of the conflict of interest of AZ technological reasons.
6. Last time (Saturday, May 31), Trump suddenly announced that he would start the nomination of Jared Isaacman, Muska ally, to be a NASA manager. After the nomination for Isaacman was abolished, the rumors were spreading that Sergio Gor – the director of the Presidential Personnel Office, who had encountered Musk – for informing Axios.
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What does Elon Musk demand?
Instead, Elon Musk demanded that “a new account for expenses that would not massively increase the deficit and increase the debt ceiling by $ 5 trillion should be drawn up.” He also called on the legislators to rewrite the account from scratch.
However, US President Donald Trump wants his “big, beautiful” tax relief and cuts on his table to be signed in law by July fourth (July 4).
Will it have an impact on Trump, Musk’s friendship?
The sources told the Axi that Musk and Trump “remain friends and allies”, but said Trump was somewhat angry with Musk’s social media sabotage. “Elon was Butthurt,” one source said.
According to Bloomberg, however, Musk’s public condemnation was opposed by Musk against Trump at a critical time because the president personally lobbies at the law. Muska’s remarks could solidify the resistance and delay of the enactment of tax cuts and an increase in the debt ceiling.
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During the American election campaign in 2024 Elon Musk said he was “happy first friend” to Donald Trump. In the Trump family he even gained the status of “uncle”.
NBC News said Musk spent more than $ 250 million to strengthen Trump last year and can freely pour money into the campaign season in the middle of the control over Congress.
Musk has become a Trump advisor and a close assistant during the second term of office. He appeared in the inner circle of Trump as the main character.
(Tagstotranslate) Elon Musk
