In a dramatic turn of events, tech mogul Elon Musk has publicly condemned President Donald Trump’s proposed tax and spending legislation, known as the “One Big Beautiful Bill Act” (OBBBA). Musk’s denunciation marks a significant shift in their previously collaborative relationship and has sparked widespread political discourse.
Musk’s Public Reproach
On June 3, 2025, Musk took to his social media platform, X, to express his vehement opposition to the OBBBA. He described the bill as a “disgusting abomination,” criticizing it for being a “massive, outrageous, pork-filled Congressional spending bill.” Musk urged lawmakers to reconsider their support, stating, “Shame on those who voted for it: you know you did wrong. You know it.”
Key Provisions of the OBBBA
The OBBBA aims to extend the 2017 tax cuts, introduce new tax breaks for tipped wages and overtime, overhaul Medicaid and food stamp programs, and allocate additional funds toward immigration enforcement. The Congressional Budget Office estimates that the bill would add $3.8 trillion to the national debt over the next decade.
Impact on Musk’s Ventures
Musk’s criticism is partly rooted in the bill’s potential adverse effects on his business interests. The legislation proposes rolling back electric vehicle (EV) tax credits, which could significantly impact Tesla’s profitability. Analysts warn that these measures could reduce Tesla’s profits by more than $3 billion due to lost tax credits and CARB ZEV credit sales.
Deterioration of Musk-Trump Relationship
Musk’s departure from the Department of Government Efficiency (DOGE), where he served as head, coincided with his escalating criticism of the OBBBA. The once-amicable relationship between Musk and Trump has since deteriorated into a public feud, marked by mutual accusations and social media outbursts.
Political Ramifications
Musk’s outspoken opposition has resonated with some fiscal conservatives within the Republican Party, including Senators Rand Paul and Mike Lee, who have echoed his concerns about the bill’s fiscal irresponsibility. Conversely, the White House remains steadfast in its support, asserting that the legislation will stimulate economic growth.
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