Tesla CEO Elon Musk has intensified his criticism of the substantial tax-cut legislation that President Donald Trump is advocating for Congress. On social media platform X, Musk claimed that the bill would lead America into “debt slavery,” urging legislators to “KILL the BILL.” He emphasized the negative impacts of the proposed budget, stating that bankrupting America is unacceptable.
Musk suggested that instead of the current bill, a new spending plan should be created that would prevent significant increases in the deficit and avoid raising the debt ceiling by $5 trillion. His critical stance on the spending bill began earlier this week when he referred to it as a “disgusting abomination,” and since then he has published over two dozen posts criticizing the legislation or addressing related debt issues.
These remarks follow Musk’s recent departure from a role in the Trump administration, where he led the Department of Government Efficiency (DOGE). This move has led to some surprise at the White House, where officials noted that Trump remains committed to passing the bill and feels more disappointment than frustration towards Musk’s public outcry.
It’s worth noting that Musk’s criticisms align with his business interests, particularly since the bill proposes cuts to an electric vehicle tax credit that supports Tesla. As Musk shifts his focus back to his companies, including Tesla and SpaceX, his engagement in political matters adds a layer of complexity to his corporate responsibilities.
This situation showcases the often intertwined nature of business interests and political policies, illustrating how corporate leaders may influence or react to governmental initiatives that directly affect their enterprises. As legislative debates continue, Musk’s vocal opposition invites broader discussions on fiscal responsibility and the potential impact of tax policies on innovation and economic stability.