Going from key ally to vocal critic, tech mogul Elon Musk has soured on President Donald Trump and his agenda.
Specifically, the billionaire is sounding the alarm against the president’s flagship tax bill, which he warns could “bankrupt” America.
Despite his previous loyalty to the MAGA movement, Musk has made a sharp shift to oppose what he calls a “disgusting abomination” that leads to “debt slavery.”
In a stunning rebuke of President Trump’s tax reform legislation, Musk took to social media platform X to urge Americans to contact their elected officials and “KILL the BILL.”
His opposition centers on the Congressional Budget Office’s estimation that the bill would add $2.4 trillion to US deficits over the next decade.
The proposed legislation, which has already passed the House of Representatives, would phase out electric vehicle tax credits by 2025, directly impacting Musk’s Tesla company.
It would also end various clean energy and solar tax credits that Musk argues are crucial for America’s energy independence.
“Call your Senator, Call your Congressman. Bankrupting America is NOT ok!” Musk declared.
Breaking with the administration, Elon Musk has urged Americans to call their representatives to stop Trump’s bill, which would add $2.4 trillion to the national debt over 10 years.
“Bankrupting America is NOT ok!
KILL the BILL.”
Follow: @AFpost pic.twitter.com/2PHEmyNWlm
— AF Post (@AFpost) June 4, 2025
Representative Thomas Massie (R-KY) backed Musk’s concerns, stating: “He knows if America collapses financially, we aren’t making it to Mars. He’s right.”
The bill includes extending the 2017 tax cuts, increasing defense spending, and lifting the debt ceiling to $4 trillion.
These measures have alarmed fiscal conservatives, including Senator Rand Paul (R-KY), who opposes the bill specifically because of the debt ceiling increase.
Musk, who donated over $290 million to Republican campaigns in 2024, suggested primary challenges for Republicans who supported the bill.
The strategy seeks to reshape party leadership with more fiscally responsible representatives.
Some Republican senators, including Ron Johnson and Rick Scott, have joined Paul in expressing concerns about the bill’s staggering cost.
In turn, other Republicans have tried to diminish Musk’s influence. Senator Kevin Cramer dismissed Musk’s concerns, stating, “He doesn’t govern. To be honest, he’s just not that big a factor.”
Musk has offered alternatives, suggesting lawmakers draft a new spending bill that does not significantly increase the deficit or the debt ceiling.
The White House has acknowledged Musk’s opposition but has not directly addressed his concerns about the nation’s fiscal health.
