Elon Musk calls Trump’s big bill ‘utterly insane and destructive’ as Senate debates

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"Elon Musk Critiques Trump's Tax and Spending Bill as Senate Prepares for Debate"

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Elon Musk, the billionaire CEO of Tesla and SpaceX, has publicly criticized the latest version of Donald Trump's extensive tax and spending bill, labeling it as 'utterly insane and destructive.' Musk expressed his concerns on social media, stating that the bill, which is nearly 1,000 pages long, could lead to the loss of millions of jobs in America and pose significant strategic risks to the nation. He asserted that the legislation offers financial incentives to outdated industries while inflicting harm on emerging sectors critical for the country's future. Musk warned that the passage of this bill would be 'political suicide for the Republican Party,' highlighting the potential backlash that Republican senators could face from constituents if they support the measure. This criticism adds to Musk's earlier denunciation of the House version of the bill, which he described as a 'disgusting abomination' filled with unnecessary expenditures.

Musk's comments come at a crucial moment as the Senate prepares to debate the bill, facing internal divisions within the Republican Party regarding various provisions, such as cuts to Medicaid and food stamps aimed at financing Trump's tax breaks. His remarks have reignited tensions between himself and Trump, particularly as Musk has previously sought to repair their relationship. Additionally, Musk amplified concerns raised by energy systems engineer Jesse Jenkins, who criticized the energy provisions of the bill, stating that they do not align with the interests of key stakeholders in the energy sector, including automakers and electric utilities. As the Senate navigates the complex political landscape surrounding this legislation, Musk's vocal opposition could influence public perception and the legislative process moving forward.

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The billionaire tech entrepreneurElon Muskon Saturday criticized the latest version ofDonald Trump’s sprawling tax and spending bill, calling it “utterly insane and destructive.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!”Musk wroteon Saturday as the Senate was scheduled to call a vote to open debate on the nearly 1,000-page bill.

“Utterly insane and destructive,” Musk added. “It gives handouts to industries of the past while severely damaging industries of the future.”

Passing the package, Musk said, would be “political suicide for the Republican Party.”

Musk’s comment reopens a recent fiery conflict between the former head of the Department of Government Efficiency (Doge) and the administration he recently left. They also represent yet another headache for Republican Senate leaders who have spent the weekend working overtime to get the legislation through their chamber so it can pass by Trump’s Fourth of July deadline.

Earlier this month, the Tesla and SpaceX CEO alsocame outagainst the House version of Trump’s “big, beautiful bill”, denouncing that proposal as a “disgusting abomination”.

“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it, he wrote at the time.

Musk’s forceful denouncement of Trump’s spending plans triggered a deep and public rift between the billionaire and the president, though Musk in recent weeks has been working to mend relations.

On Saturday, Musk posted a series of disparaging comments about the senate version of the bill, which argued the legislation would undermine US investments in renewable energy.

Musk boosted several comments from Jesse Jenkins, a macro-scale energy systems engineer who teaches at Princeton.

After Jenkins wrote, “The energy provisions in the Republicans’ One Big Horrible Bill are truly so bad! Who wants this? The country’s automakers don’t want it. Electric utilities don’t want it. Data center developers don’t want it. Manufacturers in energy intensive industries don’t want it.” Musk replied: “Good question. Who?”

Musk’s continued criticism of Trump’s budget proposals comes as the bill faces a rocky path in the senate. Republicans are hoping to use their majorities to overcome Democratic opposition, but several Republican senators are concerned over provisions that would reduce spending on Medicaid and food stamps to help cover the cost of extending Trump’s tax breaks. Meanwhile, fiscal conservatives are worried about the nation’s debt are pushing for steeper cuts.

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Source: The Guardian