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Time of India
14 minutes ago
- Time of India
What is America Party? Elon Musk's new political front amid fallout with Trump; vows to fight debt, waste and two-party control
Elon Musk , the world's richest man and until recently a close adviser to US President Donald Trump , has announced the formation of a new political party called the America Party. The move follows a dramatic split between the two over Trump's controversial tax-and-spending bill, which Musk says will bankrupt the country. The Tesla and SpaceX CEO made the announcement on his social media platform, X, on Saturday, just a day after Trump signed what he called his 'big, beautiful' bill into law. Musk, who had previously threatened to create a new party if the bill passed, wrote, 'Today, the America Party is formed to give you back your freedom.' 'Independence from the two-party system' According to Musk, the new America Party will aim to be a fiscally conservative force focused on reducing government waste. In a poll he shared with his followers on X, more than 65 percent of 1.25 million respondents voted 'yes' to the creation of the party. 'Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system!' he posted. Musk claims the 'uniparty' will improve on the shortcomings of both Democrats and Republicans. In a follow-up post, Musk added: 'By a factor of 2 to 1, you want a new political party, and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.' 'Serve the true will of the people' Although Musk did not immediately provide details about the legal structure or leadership of the America Party, he did outline an initial strategy. 'One way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts,' he wrote. 'Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring they serve the true will of the people. ' 'Put Doge on Elon': Trump The billionaire's criticism of the bill reignited tensions with Trump, which had appeared to cool after Musk previously deleted harsh posts about the president. However, the feud returned in full force as the bill neared approval. Musk had warned that he would fund primary challenges against every lawmaker who supported the bill. 'Without subsidies, Elon would probably have to close up shop and head to South Africa,' Trump said on Truth Social, referring to Musk's country of birth. The president also told reporters in Florida, 'We might have to put Doge on Elon. Doge is the monster that might have to go back and eat Elon. Wouldn't that be terrible.' Is a third party viable in US? Despite the announcement, experts say creating a strong third party in the US is very difficult, according to CNN. By law, a new party doesn't have to register with the Federal Election Commission unless it starts raising or spending money on federal elections. So far, no such records exist for the America Party. In the past, third-party efforts in the US have had a hard time gaining support. A well-known example was billionaire Ross Perot's 1992 presidential run. He got nearly 19% of the popular vote but didn't win any Electoral College votes. Musk was one of Trump's largest financial backers during the 2024 presidential race, spending an estimated $277 million to support his campaign. He was rewarded with a leadership role in the newly created Department of Government Efficiency (DOGE), which oversaw sweeping budget cuts across federal programmes. While Doge claimed to have saved $190 billion, a watchdog group estimated the abrupt cuts may have cost taxpayers $135 billion in the long run.
Time of India
32 minutes ago
- Time of India
Bibi REJECTS Hamas' 3 Ceasefire Terms, Sends Team To Qatar; Bid To Appease Trump Ahead Of WH Talks?
ELON MUSK Forms New 'AMERICA PARTY', Declares War On Trump & Republicans | US News Elon Musk, a former ally of US President Donald Trump, said Saturday he had launched a new political party in the United States to challenge what the tech billionaire described as the country's "one-party system." "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk, who had a bitter falling out with Trump after leading the president's effort to slash spending and cut federal jobs, posted on X. "Today, the America Party is formed to give you back your freedom." WATCH. 28.7K views | 12 hours ago
Hans India
42 minutes ago
- Hans India
Elon Musk launches 'America Party' enters U.S. political scenario
In a bold move to disrupt the American political landscape, tech mogul Elon Musk announced the formation of a new political organization — the America Party. The announcement came just a day after President Donald Trump signed the controversial 'One Big, Beautiful Bill,' which Musk strongly criticized. 'Today, the America Party is formed to give you back your freedom,' Musk posted on X (formerly Twitter), referencing a recent poll he conducted where nearly two-thirds of respondents supported the creation of a new political party. 'By a factor of 2 to 1, you want a new political party and you shall have it!' Musk, who was previously a significant donor and close supporter of Trump during the 2024 elections, has publicly parted ways with the president. As the former head of the now-disbanded Department of Government Efficiency, Musk had championed aggressive cost-cutting measures. His criticism of the new federal spending bill — which economists estimate will add $3.4 trillion to the national deficit over ten years — led to a sharp fallout with the Trump administration. Calling the bill 'debt slavery,' Musk accused both parties of operating under a single agenda. 'We live in a one-party system, not a democracy,' he wrote. The friction escalated when Trump retaliated with threats to cut federal funding to Musk's companies and hinted at the possibility of deporting the South African-born entrepreneur. The idea of launching a third party was once viewed as improbable for Musk, but the groundswell of public support via social media appears to have fueled his resolve. On July 4, Musk posted a poll asking users whether the U.S. needed independence from the entrenched two-party system. The results: 65.4% voted 'Yes.' With the formation of the America Party, Musk positions himself as a champion of fiscal responsibility and political reform — and potentially a formidable disruptor in the run-up to the next election cycle.
