Tesla CEO Elon Musk calls Trump's Big, Beautiful Bill a threat to America's future: ‘Will destroy millions of…'
Tesla
and SpaceX CEO
Elon Musk
has once again criticised the latest draft of the U.S. Senate's tax and spending bill, warning it could cause serious harm to the country. As senators prepare for a crucial vote on the legislation, Musk took to microblogging platform X (formerly Twitter) to voice his disapproval. 'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!' Musk wrote in the post. He further added 'Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future'.
Musk's remarks come in response to a post by Jesse D. Jenkins, a Macro-energy systems engineering, optimization, and policy professor at Princeton Engineering. Jenkins wrote in the post:
'The new Senate draft raises taxes on all wind and solar projects that haven't begun construction today unless they are placed service by end of 2027 and navigate complex, likely unworkable requirements to prove they don't use a drop of Chinese materials. After that, this bill ADDS A NEW tax on wind and solar projects that can't prove the same.'
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What is Trump administration's Big, Beautiful Bill
The bill—nicknamed the 'Big, Beautiful Bill'—has been a central part of U.S. President Donald Trump's economic agenda and includes tax cuts, reduced funding for social programs like Medicaid and food stamps, and increased spending on deportations and national defense. The 940-page bill represents one of Trump's most ambitious efforts to reshape government spending and taxation. Democrats have strongly opposed the measure, calling it unfair and harmful to vulnerable Americans.
Trump has urged Republican lawmakers to pass the bill before the July 4 Independence Day. While Republicans hold the majority in both the House and Senate, the bill has sparked divisions within the party. Some GOP members are concerned about the deep cuts to popular welfare programs.
Senators are expected to work through the weekend to push the bill through and send it back to the House for a final vote.
Not a first when Musk criticized the bill
Notably, this is not the first that the tech billionaire has publicly spoken against the bill. In a CBS interview earlier this year, Musk said that he 'was disappointed to see the massive spending bill, which increases the budget deficit, not just decrease it, and undermines the work that the DOGE team is doing.'
Musk's latest criticism comes just weeks after he publicly clashed with President Trump over the same bill. The two have since reconciled, but Musk's fresh comments show the debate is far from over.
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