Elon Musk is dissatisfied with Trump's bill..!?
World billionaire Elon Musk has strongly criticized a huge bill brought by US President Donald Trump. In the wake of Musk's recent withdrawal from the 'Department of government Efficiency (DOGE)' previously established by trump, his comments have led to a big debate in American political circles. What exactly is that bill? Let's find out why Musk reacted so strongly. Elon Musk, the world's richest man, has expressed strong objections to a new bill that US President donald trump considers ambitious. "Sorry, I can't take it anymore. This is the worst. You know this bill brought by congress is wrong. But if you vote in favor of this bill, it's a shame on you," Musk commented on his social media platform X.
Musk warned that the US deficit would increase to $2.5 trillion due to this bill. He expressed concern that this would put an unbearable financial burden on American citizens. Musk described the bill as full of unnecessary costs. Elon Musk recently withdrew from the 'Department of government Efficiency (DOGE)', a government department previously established by Trump. DOGE's main goals are to reduce government spending and increase efficiency in administration. However, Musk expressed concern that the new tax bill brought by the trump administration, which requires a large budget allocation, would undermine DOGE's ambitions. He was disappointed that the decision would undo DOGE's efforts to reduce government spending. It was in this context that Musk stepped down from DOGE's responsibilities.
The bill is intended to extend the tax cuts trump approved in 2017 and increase funding for data-border security and homeland security by a massive $350 billion. However, analysts say it would reduce subsidies for electric vehicles and related technologies. This could harm Musk's business interests. The white house immediately denied Musk's harsh comments. white house Press Secretary Carolina Leavitt said. "President trump knows what Elon Musk thinks about this bill. However, Musk's comments do not change the president's opinion," she said. She said the upcoming bill is great and trump is committed to it.