PANews June 6 report, according to remarks made by Trump on social media early in the morning, he stated that he has asked Musk to "leave" and cancel the mandatory electric vehicle sales policy, claiming that the policy is "not wanted by anyone." He also proposed to terminate the government subsidies and contracts received by Musk's companies to save "hundreds of billions of dollars" from the budget. Trump emphasized that the fiscal bill he proposed would cut spending by $1.6 trillion and implement the largest tax cuts in history, warning that failure to pass it would lead to a 68% increase in tax burden and more severe consequences.