Elon Musk Critiques Trump’s "Big, Beautiful Bill," Citing Job Loss and Debt Concerns

On Saturday, Elon Musk took to his social media platform to criticize a significant spending bill that is set to support much of President Donald Trump’s agenda, which Senate Republicans are eager to pass before the upcoming July 4 deadline. Musk argued vehemently that the current Senate draft will lead to devastating job losses and pose serious consequences for the nation, calling it "utterly insane and destructive," asserting that it favors outdated industries at the expense of future-oriented ones.

Musk echoed concerns from polling data indicating that the proposed bill is not well-received among the public, highlighting a recent NBC News Decision Desk poll where many Republicans prioritized reducing the national debt over the spending initiatives within the bill. According to Musk, these findings suggest that supporting the bill could be detrimental to the Republican Party's political future.

In his ongoing critiques, Musk pointed out the bill's anticipated negative impact on the national deficit, reiterating his previous stance since being appointed to lead the Department of Government Efficiency—a role he feels the bill undermines. He expressed his discontent by denouncing the legislation's potential to escalate the nation's debt situation, dubbing it a path to “debt slavery” for America.

Although Trump has suggested that Musk’s opposition is due to the removal of tax credits for electric vehicles, Musk described a specific clause in the bill that he believes endangers clean energy initiatives as "incredibly destructive to America." He had previously commented on the difficulty of balancing the bill's scale with its supposed aesthetic value in an interview, stating, "I don’t know if it can be both."

While Musk's influence in political circles may have waned, his vocal disapproval has resonated with some Republican lawmakers who share his concerns about the expected $4 trillion increase in the national deficit. His renewed criticism surfaces as Senate Republicans scramble to solidify support for the extensive 940-page bill amidst internal disagreements over certain provisions, such as Medicaid cuts affecting rural healthcare facilities. In response to the House of Representatives passing its version of the bill, Musk encouraged his followers to galvanize action against it, urging them to "kill the bill.