Musk Calls for New Political Party, Criticizes Trump's "Big, Beautiful Bill

Elon Musk, the US billionaire, reiterated his call for a new political party on Monday. He sharply criticized US President Donald Trump's "Big, Beautiful Bill" as the Senate moved towards a final vote on the reconciliation package.

Musk expressed strong disapproval of the bill on X, stating that any member of Congress who campaigned on reducing government spending but then voted for a significant debt increase should be ashamed. He vowed to support primary challenges against such members. Later, he declared that if the "insane spending bill" passed, the "America Party" would be formed immediately. He emphasized the need for an alternative to the existing political structure to give the people a voice.

According to CNN, Musk had previously proposed starting a new political party in a series of X posts. This proposal resurfaced on Monday, with Musk highlighting the bill's record-breaking increase in the debt ceiling. He described the current political landscape as a "one-party country" and called for a new party that prioritizes the people.

The tech billionaire, whose relationship with Trump soured publicly, has condemned Trump's bill as "utterly insane" and "political suicide" for the GOP. His commitment to supporting primary campaigns against members of Congress represents a significant political move since leaving his role as a White House advisor.

The Senate's version of the bill is projected to increase the deficit significantly, according to the nonpartisan Congressional Budget Office. Senate Republicans faced a lengthy voting process, while the White House aimed to finalize the legislation by a specific deadline.

The bill has also drawn criticism for potentially redistributing wealth from the poor and middle class to the wealthy. Analysis suggests that the bill could negatively impact lower-income taxpayers while benefiting those at the higher end of the income scale. This analysis supports Democratic critiques that the bill takes money from the working poor to provide tax cuts for the wealthy.