Sen. Rand Paul, R-Ky., discusses his objections to President Donald Trump’s tax invoice on Varney & Co.
Billionaire entrepreneur Elon Musk on Tuesday weighed in on the “large, stunning invoice” the Trump administration and congressional Republicans are working to advance, criticizing it as a “disgusting abomination” attributable to its projected impact on finances deficits.
Musk, who helped launch the Division of Authorities Effectivity (DOGE) till his time as a particular authorities worker expired final week and a detailed ally of the Trump administration, slammed the invoice in a publish on X.
“I am sorry, however I simply cannot stand it anymore. This huge, outrageous, pork-filled Congressional spending invoice is a disgusting abomination. Disgrace on those that voted for it: you understand you probably did mistaken. You recognize it,” Musk wrote.
“It would massively improve the already gigantic finances deficit to $2.5 trillion (!!!) and burden Americans with crushingly unsustainable debt.”
HOUSE RECONCILIATION BILL WOULD INCREASE BUDGET DEFICITS BY $2.3 TRILLION OVER A DECADE: CBO
Musk criticized the invoice for rising deficits, which DOGE has sought to scale back. (Tom Brenner For The Washington Put up by way of Getty Pictures / Getty Pictures)
The invoice, which Home Republicans named the One Huge Lovely Invoice Act, handed the chamber in late Could in a largely party-line vote. Solely two Republicans voted in opposition to the measure attributable to issues a couple of lack of spending cuts and the nationwide debt affect.
Senate Republicans are weighing potential adjustments to the invoice because the higher chamber prepares to take up the laws, organising what may very well be a contentious modification course of within the Senate, the place Republicans maintain a slim 53-47 majority. Nonetheless, they’ll want 51 votes to push by way of the laws by way of reconciliation, which provides the get together little room for defections.
Sen. Rand Paul, R-Ky., has mentioned he’ll probably oppose the invoice as a result of it features a debt ceiling improve, whereas Sen. Ron Johnson, R-Wis., has mentioned he needs to see extra spending cuts earlier than he feels comfy supporting it.
JAMIE DIMON WARNS US DEBT AND DEFICITS ARE A GROWING PROBLEM
Elon Musk has been supportive of the Trump administration’s spending cuts and views the tax minimize package deal as a setback attributable to its deficit impact. (Brandon Bell/Getty Pictures / Getty Pictures)
White Home press secretary Karoline Leavitt was requested whether or not Musk’s criticism impacts President Donald Trump’s perspective towards the invoice given Musk’s standing as an advisor and distinguished supporter of the president.
“Look, the president already is aware of the place Elon Musk stood on this invoice,” Leavitt mentioned throughout a press briefing Tuesday afternoon.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“It would not change the president’s opinion. That is one large, stunning invoice, and he is sticking to it.”
Fox Information Digital’s Alec Schemmel contributed to this report.