Elon Musk has publicly opposed President Donald Trump's latest budget plan, which allows increased borrowing and extends tax breaks. Musk condemns the legislation as "outrageous" and claims it will exacerbate the national deficit by raising it to $2.5 trillion. The bill includes substantial funding for border security and cuts for electric vehicle initiatives, impacting Musk's companies Tesla and SpaceX. His comments mark a significant departure from his previous support for Trump, as he warns Republicans against betraying the American people ahead of upcoming elections, emphasizing the urgency of fiscal responsibility.
The legislation - which Trump calls his "big, beautiful bill" - would slash funding for electric vehicles and related technologies, including Musk's Tesla and SpaceX.
Musk said the "outrageous, pork-filled" spending bill will "massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden America [sic] citizens with crushingly unsustainable debt."
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