Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Elon Musk has criticized one of Donald Trump’s characteristic policy, which marks a break by the American president he helped to win re -election in 2024.
Last week the American house of representatives passed what Trump calls his “big, beautiful” account, which includes tax benefits of several trillion dollars and a promise to increase defense spending. It is now going to the Senate.
Tech Titan Musk told the American partner CBS News of the BBC that he was “disappointed” by the plan, which he found to “undermine” the work he did for the president about reducing expenditure.
Musk was recruited as Trump’s cost -saving tsar – the termination of funds for American foreign help alongside other projects – before announcing that he would take a step back.
“I was disappointed to see the mass expenditure account, frankly,” said Musk in the interview with CBS Sunday morning, of which a clip was released by the broadcaster before the transmission.
He further claimed that Trump’s plan “increases the budget deficit is not only reducing”.
It is thought that the legislation could increase the deficit – or the difference between what the US government issues and the income it receives – with around $ 600 billion (£ 444 billion) in the next tax year.
In addition, the bill undermines “the work that the DOG team does,” said Musk, using the acronym of the cost-saving advisory body the Ministry of Government Efficiency.
Referring to Trump’s name for legislation, Musk told CBS: “I think a bill can be large or beautiful. I don’t know if it can be both.”
The intervention of Musk emphasizes the constant tension within the Republican Party of Trump on the tax and expenditure plans, which were confronted with an uncomfortable passage through the house because of the opposition of various wings of the party.
Long a policy priority of Trump’s promises to extend the legislation to extend tax cuts that were adopted during his first administration in 2017, and to offer a influx of money for defense spending and to finance the massive deportations of the president.
The account also proposes to increase the debt ceiling to $ 4TN – which means that the limit for the amount that the government can borrow to pay its bills.
Musk’s remarks about the issue imply a growing distance from Trump, which he helped to return to the White House last year with donations of more than $ 250 million.
They come after the billionaire recently promised to take a step back from Doge. Musk had stated that he wanted to help the government to defeat $ 1 TN in spending by canceling contracts and reducing the government’s workforce.
From April, the DOGE website claims that around $ 175 billion has already been saved, but A BBC analysis of this figure shows that the only proof is missing.
Musk also said last week that he was planning to make “much less” political expenses in the future, and that he is committed to leading electric car company Tesla for another five years.
Tesla was confronted with protests, boycots and a decrease in sales compared to the work of Musk as the Doge Chief, including his controversial efforts to dismiss thousands of federal workers and to curb foreign help.
Musk defended his actions in his comments last week and said, “I did what had to be done.” He and Trump previously justified the cutbacks as a matter of weeding what they saw as fraud and abuse within federal expenditures.
