Elon Musk says President Trump's "One Big Beautiful Bill" will destroy millions of jobs and harm the US.
Elon Musk has strongly criticized President Donald Trump's "One Big Beautiful Bill," warning that the legislation will destroy millions of jobs in America and cause immense strategic harm to the country. Musk described the bill as "utterly insane and destructive," arguing that it provides handouts to outdated industries while severely damaging industries of the future, particularly those related to renewable energy like wind and solar projects. He also warned that the bill would be "political suicide for the Republican Party" and called for it to be abolished.
The bill, a sprawling tax and spending cuts package supported by Trump and Republican senators, aims to include sweeping spending cuts to pay for tax cuts signed into law in 2017, increased military spending, oil exploration, and immigration enforcement. However, critics like Musk and the American Clean Power Association have pointed out that it imposes new taxes on renewable energy projects, freezes energy investments, reduces domestic energy production, and could increase household energy bills, thereby harming future industries and energy security.
Musk's opposition to the bill has reignited his public feud with Trump, contrasting with his earlier role supporting Trump's administration. Musk has called the bill a "pork-filled Congressional spending bill" and a "disgusting abomination," expressing disappointment over its impact on the budget deficit and future economic growth.
In summary, Elon Musk contends that Trump's "One Big Beautiful Bill" will devastate American jobs, undermine future industries, especially clean energy, and strategically harm the U.S. economy and political landscape