Trump’s comments come after billionaire Elon Musk renewed his criticism on Monday of Trump’s sweeping tax-cut and spending bill, vowing to unseat lawmakers who backed it after campaigning on limiting government spending.
In response to Trump’s post, Musk, in his own social media platform X, said “I am literally saying CUT IT ALL. Now.” After weeks of relative silence following a feud with Trump over the legislation, Musk rejoined the debate on Saturday as the Senate took up the package, calling it “utterly insane and destructive” in a post on social media platform X.
“And they will lose their primary next year if it is the last thing I do on this Earth,“ Musk said.
“Time for a new political party that actually cares about the people,“ he wrote. Musk’s criticism of the bill has caused a rift in his relationship with Trump, marking a dramatic shift after the tech billionaire spent nearly $300 million on Trump’s re-election campaign and led the administration’s controversial Department of Government Efficiency (DOGE), a federal cost-cutting initiative.
It remains unclear how much sway Musk has over Congress or what effect his opinions might have on the bill’s passage. But Republicans have expressed concern that his on-again, off-again feud with Trump could hurt their chances to protect their majority in the 2026 midterm congressional elections.
The rift has also led to volatility for Tesla, with shares of the company seeing wild price swings that erased approximately $150 billion of its market value, though it has since recovered. (Reporting by Nandita Bose in Washington and Kritika Lamba, Shubham Kalia in Bengaluru, Editing by Colleen Jenkins and Rosalba O’Brien)
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