Musk forms new political party after split with Trump over president's signature tax cuts law
Briefly

Elon Musk has declared the formation of a new political party named the America Party in response to President Trump's recent tax cuts legislation. Musk previously supported Trump but broke from him over this issue, criticizing the law as a means of bankrupting the country. He stated that this party aims to restore freedom, while acknowledging that new political parties often struggle to gain traction. The potential impact of Musk's financial influence and ongoing feud with Trump raises questions about his next moves in the political landscape.
Elon Musk announced the formation of the America Party, reacting to President Trump's tax cuts law, declaring a lack of democracy and a one-party system.
Musk stated, "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," emphasizing his political stance.
Despite Musk's significant influence and financial backing, newly formed political parties typically face challenges in gaining traction against the established Republican and Democratic parties.
Uncertainty surrounds Musk's formal steps to create the America Party, as his spokespersons did not provide immediate comments on the matter.
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