Musk broke with Trump over a spending bill, threatening to form the 'America Party.' He criticized the current political system as a one-party system. Trump dismissed Musk's party idea as 'ridiculous' and emphasized the success of the Republican Party. The formation of new political parties is common yet struggles to gain significant support. Musk's financial influence could impact future elections, especially if he invests heavily in his new party initiative, despite potential risks to his business interests.
"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk said Saturday on X, the social media company he owns. "Today, the America Party is formed to give you back your freedom."
Trump called Musk's proposition 'ridiculous,' going on to tout 'tremendous success with the Republican Party.' 'The Democrats have lost their way, but it's always been a two-party system,' Trump added.
The formation of new political parties is not uncommon, but they typically struggle to pull any significant support away from the Republican and Democratic parties.
Musk, the world's richest man who spent at least $250 million supporting Trump in the 2024 election, could impact the 2026 elections determining control of Congress if he is willing to spend significant amounts of money.
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