SpaceX CEO, Elon Musk launched a fierce attack on US lawmakers and former ally Donald Trump over the weekend, criticizing their support for a sweeping tax-cut and spending bill he called “utterly insane and destructive.” Musk has promised to target every member of Congress who voted for the bill after campaigning on limiting government spending.
“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 posted on his social media platform X. “And they will lose their primary next year if it is the last thing I do on this Earth.”
Musk, who previously supported Trump’s reelection campaign with nearly $300 million in donations, claimed the legislation would erase the cost savings achieved through his controversial federal cost-cutting initiative, the Department of Government Efficiency (DOGE). He accused lawmakers of betraying their fiscal promises and reignited his call for a new political party.
“Time for a new political party that actually cares about the people,” Musk wrote. Mocking both parties, he referred to the political establishment as “the PORKY PIG PARTY,” declaring that Americans effectively live in a one-party system bent on wasteful spending.
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Trump Fires Back, Targets Musk’s Federal Support
Trump responded to Musk’s criticism on Tuesday with a stinging post on Truth Social, suggesting that if Musk really wanted to save government money, DOGE should start by looking at the billions in subsidies his companies receive.
“Elon may get more subsidy than any human being in history, by far,” Trump said. “Without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE.”
Trump had previously threatened to cut off federal contracts and subsidies to Musk’s companies in early June, when the rift between the two deepened. SpaceX alone holds more than $22 billion in federal contracts, while Tesla benefits heavily from clean energy incentives.
In response, Musk doubled down on his opposition: “I am literally saying CUT IT ALL. Now.”
The public feud caused massive volatility in markets, with Tesla losing $150 billion in market value in a single day on June 5 — the company’s worst-ever performance. Though the stock has since stabilized, Tesla shares fell another 5% in Frankfurt trading on Tuesday, as investor anxiety grew over Musk’s political involvement.
Senate Faces Marathon Vote as Bill Stirs Political Storm
While Musk and Trump traded blows online, Senate Republicans struggled to push the 940-page tax-cut and spending bill through a marathon “vote-a-rama” on Monday evening. The bill, which includes $3.3 trillion in new spending and a $5 trillion debt ceiling increase, has divided Republicans, with some citing concerns over Medicaid cuts and soaring national debt.
The bill narrowly passed a procedural vote on Saturday (51-49) to allow formal debate. It proposes extending Trump’s 2017 tax cuts, boosting military and border spending, and implementing hot-button measures such as banning Medicaid funding for gender-related procedures and increasing checks on unaccompanied migrant minors.
The Congressional Budget Office warned that the Senate version would add $3.3 trillion to the US debt and leave 11.8 million more people uninsured. While Senate leaders aim to pass the bill before the July 4 holiday, resistance from within the GOP may complicate efforts. Republican Senators Rand Paul and Thom Tillis have already voiced their opposition.
Meanwhile, Democrats have proposed amendments to protect Medicaid, restore reproductive health funding, and reinstate the Consumer Financial Protection Bureau’s budget — all of which were rejected by the Republican majority.
As the clock ticks toward a possible default later this summer, the bill’s future remains uncertain. But one thing is clear: Elon Musk’s political intervention has added fuel to an already raging fire.
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