Musk Slams Trump.
American billionaire Elon Musk has sharply criticized US President Donald Trump's proposed tax bill, arguing that the new legislation undermines the government's efficiency team's efforts to cut costs and achieve fiscal discipline, efforts Musk himself led while serving as a government official.
In an interview broadcast on CBS Tuesday night, the Tesla (NASDAQ:TSLA) CEO expressed his disappointment with the spending bill, which he described as "increasing the budget deficit and undermining the institutional work that has been done before." Musk added, "The bill can be big or beautiful, but I don't think it can be both," in his first public and direct confrontation with Trump since withdrawing from government duties.
During the interview, Musk announced his intention to reduce his involvement in politics, citing the administration's expanding trend toward expansionary spending, which he sees as lacking discipline. He expressed concern that the US budget deficit would worsen if this trend continues.$SOL #WhaleJamesWynnWatch
