Elon Musk calls Trump’s $5 trillion tax bill “debt slavery,” warns of forming the America Party if passed. His starkest political threat since the election.
🔥 Elon Musk’s Starkest Political Threat Yet: Launching the America Party?
July 1, 2025 | Washington, D.C. — Elon Musk is back in the political spotlight.
After previously claiming he was stepping away from politics, the Tesla and SpaceX CEO has issued his strongest political warning since the 2024 election. As the Senate debated President Donald Trump’s massive “Big, Beautiful Bill” on Monday, Musk took to X (formerly Twitter) with an explosive post: if the bill passes, he’ll launch a new political party — the America Party.
🗣️ Musk Calls Out Congress Over Debt Explosion
In a Monday morning post, Musk lambasted lawmakers who had campaigned on reducing spending but supported the bill:
“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! And they will lose their primary next year if it is the last thing I do on this Earth.”
By evening, he escalated the rhetoric, declaring:
“If the insane spending bill passes, the America Party will be formed the next day.”
📉 What’s in Trump’s $5 Trillion “Big Beautiful Bill”?
The bill, backed by the Trump administration, aims to extend and expand 2017-era tax cuts. But according to the Congressional Budget Office (CBO), the legislation would add $3.3 trillion to the national deficit over the next decade — even more than the $2.4 trillion impact from the House’s version.
Key Differences Between House and Senate Bills:
- ✅ Senate version adds more debt: $3.3 trillion over 10 years
- ✅ House version: $2.4 trillion addition
- ✅ Senate plan includes fewer spending cuts but deeper tax cuts
- ✅ Critics say the bill rewards traditional energy and weakens future-focused sectors
🧨 Musk vs. Trump: From Ally to Adversary?
Though once a close Trump ally and adviser — even contributing over $275 million to Republican campaigns, including Trump’s — Musk now labels the bill “debt slavery.”
Reporting Source: Reuters – Musk Threatens New Party Over Tax Bill
“It is obvious with the insane spending of this bill… we live in a one-party country,” Musk posted.
“Time for a new political party that cares about the people.”
⚖️ What Is the “America Party”?
While details remain vague, Musk’s “America Party” would supposedly serve as an alternative to the Democrat-Republican “uniparty” system.
In his own words:
“Our country needs an alternative… so that the people have a VOICE.”
The idea isn’t new — Musk floated the concept during his feud with Trump earlier this month — but Monday’s threat makes it the most serious indication of action yet.
💸 Why Is Musk So Against the Bill?
Musk insists his opposition isn’t about losing clean energy subsidies, which the bill guts. Still, he expressed frustration that:
- Fossil fuel and legacy industries benefit
- Renewable sectors like EVs and solar are hit hard
- The bill undermines America’s “future industries”
“It gives handouts to industries of the past while severely damaging industries of the future,” Musk wrote.
🔍 Expert Insight on the Impact of the Bill
According to the CBO’s report, the bill could:
- Add $3.3 trillion to the deficit
- Boost GDP growth in the short term
- Leads to long-term fiscal strain
Meanwhile, the White House argues that the plan will “slash deficits” by boosting economic activity and tax revenue.
“This bill unleashes growth and strengthens America,” said a White House spokesperson.
❓ FAQs
1. What is the “Big Beautiful Bill”?
It’s President Trump’s massive tax and spending legislation, designed to extend 2017 tax cuts, but projected to add $3.3 trillion to the deficit over 10 years.
2. What is the American Party?
It’s Elon Musk’s proposed political party aimed at challenging the two-party system. Musk threatens to launch it if the bill passes.
3. Why is Elon Musk against the bill?
He believes it increases national debt irresponsibly and favors outdated industries over innovative sectors like electric vehicles and solar.
4. Is Elon Musk still supporting Trump?
As of now, no. Musk, once a major donor and adviser, has openly criticized Trump’s policies, especially this bill.
5. Could the American Party realistically happen?
While it’s just a proposal now, Elon Musk’s influence and funding could make it a serious third-party movement if launched.
📢 Call to Action
What do you think about Musk’s America Party proposal?
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