Elon Musk has threatened to establish a new political party in the United States if the One Big Beautiful Bill is passed by a Republican-led Congress. He has criticized the bill, which includes significant tax breaks and funding cuts that could expand the national debt by $3.3 trillion from 2025 to 2034. Musk contends that this would indicate Republicans are no different from Democrats regarding fiscal responsibility. He believes that the country needs an alternative political option to express the people's voice.
Elon Musk announced plans to form a new political party in the US if Congress passes the One Big Beautiful Bill, criticizing its potential impact on national debt and spending.
Musk expressed dissatisfaction with both major parties, claiming that if the bill passes, Republicans will resemble Democrats in their lax spending habits, describing it as a perilous move for the country.
The proposed bill is expected to expand the national debt by $3.3 trillion between 2025 and 2034, which Musk finds alarming and indicative of a lack of true political choice for citizens.
Musk's suggestion is that the America Party would provide an alternative to what he perceives as a uniparty system dominated by excessive spending and inadequate representation.
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