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Musk vs Trump: Tax Bill Fight & GOP Challenge - News Directory 3

Musk vs Trump: Tax Bill Fight & GOP Challenge

June 30, 2025 Catherine Williams Business
News Context
At a glance
  • President Donald Trump at the White House in Washington, D.C., on April 30, 2025.
  • He may have stopped openly feuding with President Donald Trumpbut Elon Musk isn't backing off his bid to kill Trump's signature megabill.
  • The Tesla and SpaceX CEO unloaded Monday on the massive tax-and-spending bill that Trump is pushing Republicans to quickly ram through Congress, labeling it a "DEBT SLAVERY bill"...
Original source: cnbc.com

Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., on April 30, 2025.

Evelyn Hockstein | Reuters

He may have stopped openly feuding with President Donald Trumpbut Elon Musk isn’t backing off his bid to kill Trump’s signature megabill.

The Tesla and SpaceX CEO unloaded Monday on the massive tax-and-spending bill that Trump is pushing Republicans to quickly ram through Congress, labeling it a “DEBT SLAVERY bill” and calling out its supporters by name.

The uber-rich Musk — who spent around $290 million backing Trump and other Republicans in the 2024 election cycle and beyond — called for a “new political party.”

He even vowed that any fiscal conservatives who vote for the bill will face his wrath in their next primary races.

“Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!” Musk wrote.

“And they will lose their primary next year if it is the last thing I do on this Earth,” he added.

Musk’s latest tirade came as the voting is underway in the Senate on dozens of amendments to the massive bill, as part of the complicated reconciliation process that enables the GOP to pass it without Democratic support.

Read more CNBC politics coverage

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