Musk shreds Trump’s tax bill as ‘DEBT SLAVERY,’ vows to unseat Republicans who back it

Musk shreds Trump’s tax bill as ‘DEBT SLAVERY,’ vows to unseat Republicans who back it


Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., on April 30, 2025.

Evelyn Hockstein | Reuters

He may have stopped openly feuding with President Donald Trump, but Elon Musk isn’t backing off his bid to kill Trump’s signature megabill.

The Tesla and SpaceX CEO unloaded Monday on the massive tax-and-spending bill that Trump is pushing Republicans to quickly ram through Congress, labeling it a “DEBT SLAVERY bill” and calling out its supporters by name.

The uber-rich Musk — who spent around $290 million backing Trump and other Republicans in the 2024 election cycle and beyond — called for a “new political party.”

He even vowed that any fiscal conservatives who vote for the bill will face his wrath in their next primary races.

“Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!” Musk wrote.

“And they will lose their primary next year if it is the last thing I do on this Earth,” he added.

Musk’s latest tirade came as the voting is underway in the Senate on dozens of amendments to the massive bill, as part of the complicated reconciliation process that enables the GOP to pass it without Democratic support.

Read more CNBC politics coverage

This is developing news. Please check back for updates.



Source

Trump ties his stance on Greenland to not getting Nobel Peace Prize, European officials say
Politics

Trump ties his stance on Greenland to not getting Nobel Peace Prize, European officials say

U.S. President Donald Trump linked his aggressive stance on Greenland to last year’s decision not to award him the Nobel Peace Prize, telling Norway’s prime minister that he no longer felt “an obligation to think purely of Peace,” two European officials said Monday. Trump’s message to Jonas Gahr Støre appears to ratchet up a standoff […]

Read More
Putin invited to join Trump’s ‘Board of Peace,’ Kremlin says
Politics

Putin invited to join Trump’s ‘Board of Peace,’ Kremlin says

U.S. President Donald Trump welcomes Russian President Vladimir Putin to Joint Base Elmendorf-Richardson on August 15, 2025 in Anchorage, Alaska. Contributor | Getty Images News | Getty Images Russian President Vladimir Putin has received an invitation to join the U.S.’ “Board of Peace” for Gaza, the Kremlin said Monday. Kremlin Spokesman Dmitry Peskov said Moscow […]

Read More
UK looks to work its magic on Trump to defuse Greenland tariff threat, calling for calm
Politics

UK looks to work its magic on Trump to defuse Greenland tariff threat, calling for calm

U.S. President Donald Trump meets with British Prime Minister Keir Starmer at Trump Turnberry golf course in Turnberry, Scotland, Britain, July 28, 2025. Evelyn Hockstein | Reuters U.K. Prime Minister Keir Starmer called for cool heads as tensions rise between Washington and its European allies after U.S. President Donald Trump threatened to impose fresh tariffs on […]

Read More