Donald Trump’s most high-profile backers and donors, Elon Musk has changed it rapidly against the President’s leading economic law, calling it a “disgusting disgusting” and warning of serious financial consequences. Last year, Musk contributed over $ 250 million to Trump’s 2024 campaign and was a prominent player in Republican Dhan. Musk wrote on X, “It will already extend the huge budget deficit to $ 2.5 trillion (!!!) and burden with a loan without crushing American citizens.”

The White House press secretary Karolin Lewit rejected Musk’s criticism, saying, “Look, the President already knows where Elon Musk was standing on this bill. This is not the President’s opinion. It is a big, beautiful bill, and he is clinging to it.”

Musk’s objections stems from not only economic concerns, but also from how the bill affects Tesla’s business. This law will withdraw the incentive for electric vehicles, which is a main component of Musk’s companies.

This public rebuke is a symbol of a dramatic change from the previous position of Musk. Until last week, he led the government’s efficiency department (DOGE), a short -term advisory body assigned the task of identifying federal expenses cuts. Musk stepped just before launching his online tired. Get out of Musk on May 28 as a Dogi head.

On the other hand, Trump is very confident about Bill’s benefits. In a post recently on X, he wrote: “So many false statements about” Ek, Bada, Beautiful Bill “are being made, but whoever understands is that this is the biggest expense in history, so far! But there will be no cut in social security, medicare or medicine.”

Advertisement

This bill has become an electric rod not only from the Democrat but also for criticism from fiscal conservators, which says it prioritize political optics on responsible governance. The Congress budget office and independent analysts estimate that the bill may add the national deficit between $ 2.3 trillion and $ 5 trillions in the next decade.

The purpose is to expand the 2017 tax deduction and introduce new people, the law under consideration, which has already passed the House and being debated in the Senate. It also proposes an increase of $ 350 billion in funding for border security, exile and national security. To offset the expenses, it slashs funds for medicade, food stamps and green-energy tax credit-changes that will directly affect the subsidy supporting Tesla and comprehensive electric vehicle sector.